Henderson Group has suffered £1.4bn of net retail outflows in the first three months of the year, but said client sentiment began to improve towards the end of the quarter.
The majority of the outflows came from SICAVs in Continental Europe and Latin America (£1bn), as clients in the region reduced exposure to European assets. UK retail clients withdrew £200m during the quarter, while a further £200m was taken out by US mutual fund clients. Henderson reports £4bn outflows for 2016 ahead of 'new generation' merger with Janus The firm said outflows were strongest in the first two months of the year and began to taper significantly by March, with positive sentiment continuing in April. Meanwhile, Henderson's institutional business saw £400m of net out...
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