The firm said its European business had performed particularly well, with net new cash totalling €1.4bn year-to-date due to strong net flows into retail and private banking products, and several new institutional mandates.
Overall, its net new cash is negative YTD, at -€192m, although there was an uptick in Q2.
In its half-yearly report, the firm said 81% of its funds have a three, four or five star Morningstar rating, above the industry average of 67.5%.
Naïm Abou-Jaoudé, CEO of Dexia Asset Management, said: “Over the past year, we have succeeded in generating new business across Europe, collecting new assets in our distinct specialist strategies and delivering excellent performance across our product range. Dexia AM has received 24 awards across all asset classes so far this year. This success is testament to the continued confidence that our clients have in our products, our customer-focused model and our belief in responsibility and excellence across all areas of our business.”
Did you read about the bond fund manager who left Dexia in June? Find out more here.
