Henderson suffers £1.1bn net outflow in Q3

Henderson reported net outflows of £1.129bn in Q3, with net retail outflows making up £296m of the total.

Retail outflows were predominantly driven by outflows from the group's UK OEIC range, while the underperformance of some core funds also dragged on sales. "We continue to experience outflows as clients and advisers reposition their portfolios in advance of the implementation of the Retail Distribution Review as well as having some core funds, notably in our multi-manager range, underperforming," the group said. Nearly all asset classes suffered net outflows over the period across the business with equities suffering the biggest hit of £1.114bn. There were net outflows of £53m for fixe...