Europe concerns drive Henderson retail outflows of £4.6bn
The full year results for Henderson Group recorded net retail outflows for 2016 of £4.6bn driven by reduced risk appetite and moderating demand for European products.
The outflows were driven mainly by the £2.6bn shed from the firm s retail Sicavs, along with £1bn from the UK Oeic and unit trust range. But while net institutional inflows of £607m during the year provided some offset, the combined net outflows for the business reached £4bn.
In spite of this, assets under manageme...