ignis attracts 1bn new assets in six months

During the first half of 2012, Ignis Asset Management attracted net new assets of close to £1bn into three main product areas.

ignis attracts 1bn new assets in six months


The firm manages £73.6bn of assets under management, down from £74.1bn at the start of the year. The vast majority of this money – £64.5bn – comes from the life and holding companies within its parent company, the Phoenix Group.

Of the total £73.6bn in assets, £10.4bn is managed stock-lending collateral.

Third-party investment accounts for an additional £9bn of assets.

During the first six months of the year, Ignis attracted net new inflows of £927m, mainly into the Absolute Return Government Bond, UK Property and Liquidity funds. Over this period, its operating profits grew to £19m from £18m at the same time last year.

Under chief executive Chris Samuel, Ignis is part of the way through a new long-term strategy started in 2009 with an emphasis on keeping its major shareholder – Phoenix – happy while building up its core equity and fixed income propositions with a, for the time being, more institutional focus.

Hires it made during the period, including Graham Ashby as head of UK equities, shows it is still committed to its intermediary investor base.


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