interim results

Driven by retail inflows

Net mutual fund inflows of £443m

AUM up £44bn in 2015

Negative investment performance wiped out $4bn

Savings levels could fall significantly says CEO

The first six months of 2015 have been a tale of two halves for asset managers, as some noted record inflows while others saw investors heading for the exit in droves.

Brewin Dolphin saw its funds under management fall in the last quarter after a difficult period for risk assets.

Alliance Trust has promised to announce "changes" to business in the autumn, as it reported deteriorating performance for the first half of 2015.

Liontrust has reported a £7m net outflow for the three months to 30 June as an uncertain period for investors temporarily pushed down assets under management.

River & Mercantile saw inflows return in the first quarter of 2015, and expects a further uptick once Hugh Sergeant's latest portfolio is launched.