Henderson/Gartmore net retail outflows hit £946m in Q3

Henderson saw £692m of net outflows from its retail range and £254m from the acquired Gartmore funds in Q3 with market uncertainty hitting sales.

Total AUM for the group fell by £9bn during the period to £65.4bn, mostly due to unfavourable market and FX movements of £5.9bn and the previously announced sale of New Star Institutional Managers of £1.1bn AUM. Henderson retail net outflows were largely from the European SICAV fund range due to the increasing uncertainty surrounding the current European sovereign debt crisis. The decline in investor appetite for risk resulted in net outflows of £508m in the period. However, its UK retail funds fared better with smaller net outflows of £55m. Positive flows into its fixed income and mu...