Henderson Group has posted a 2.1% increase in assets under management for the first quarter, which it said was due to positive investment performance and currency gains.
In a trading statement, the fund manager said it had £103.1bn of assets under management at 31 March, up from £101bn at 31 December 2016.
The group, which is in the middle of a merger with Janus Capital Group, also said it has suffered a net outflow of £1.4bn from retail.
Chief executive Andrew Formica said: “While retail client outflows continued, we saw an improvement in client sentiment and flows as we moved towards the end of the quarter.
“Aside from the one-off outflows that resulted from the merger-related restructuring of our global equities team, our institutional business continues to see steady growth, with a healthy number of mandates funding since quarter end.”
Long-term investment performance remained strong, with 73% of funds outperforming over three years, Henderson said. The board has declared a first-quarter dividend of 1.85p per share.
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