Royal London AM nets £4bn inflows in 2023 as clients rush to cash and global equity funds

Offset by lower internal inflows

Royal London Asset Management net flows rose 13% in 2023, with flows into global equity and cash products partially offset by lower internal inflows.

According to the firm's annual results published today (8 March), assets under management rose by £15.1bn to £162.3bn last year, thanks to net flows of £4.2bn and positive market movements of £10.9bn.  External net inflows of £3.3bn, up from £1.7bn in 2022, were driven by net inflows of £2.7bn into its global equity strategies, including RLAM's first Japanese mandate, as well as net inflows of £1.4bn into cash funds, as investors sought to take advantage of rising rates.  These inflows were partially offset by £800m net outflows on the asset manager's sustainable funds. Royal Londo...