After another successive quarter of positive net flows, the Aim-listed fund group’s assets climbed 23% to £6.4bn during Q1 2018, some £1.2bn higher than it was 12 months ago.
Net inflows during the three months to 31 December 2017, the period that constitutes the group’s first quarter, reached £236m, up 69% from £140m the previous year.
Total net inflows for the rolling 12-month period were £834m.
Over the last four quarters, the group has taken in £2.2bn of client inflows, offsetting about £1.4bn worth of redemptions.
However, recently the asset manager has been hit by higher outflows than it has seen historically. While the group took in net sales of £965m and £778m in 2015 and 2016, it only generated £747m in 2017.
In Wednesday’s results, group chief executive Mike O’Shea (pictured) highlighted the “continued growth and progress of our business” and noted the “strong year for investment performance across our fund range”.
“Despite the uncertain investment and political conditions, we believe our focus on active management, good long-term investment results after fees and relevant investment products means we are well positioned for the future,” he added.
The group also announced it will be doling out an interim dividend of 1.65p per share for this latest three-month period on 2 March 2018.
