Architas sees £334m inflows amid ‘tough market conditions’

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpgMulti-manager Architas has more than doubled its assets in the first half of the year following internal mergers, despite “turbulent market conditions”.

In its financial results, published today, the group saw total assets grow 52 per cent and reach £21.2bn in the first half of 2016 from £14bn a year ago.

Asset growth was helped by a total net new inflows of £334m in the first six months of the year.

The increase in assets over the past year includes the 2015 acquisition of the Axa Investment Managers Multi-Manager business and the Axa private management businesses in France and Belgium. Assets across the UK, French and Belgium business now total €28.2bn (£23.6bn).

Architas chief executive Hans Georgeson says: “It has been a tough first half of the year, starting with the crisis in China and ending in the vote to leave the EU. But despite the turbulent market conditions we have continued to see strong flows across all areas of the business, including our UK fund range, our unit-linked business in Europe and our newly established institutional business line.

“We did see sentiment dip in advance of the referendum, and the immediate aftermath, but it has quickly picked back up.”

Despite challenges created by the EU referendum, the firm says it is set to expand to other regions including other countries in Europe, the Gulf region and Asia.

Georgeson says: “The last 12 months have seen tremendous change for both the industry and Architas. During this time we have continued to invest in our UK and European businesses, with the support of the Axa Group. In the UK we have built on our core risk profiled range with the addition of specialist alternative and income funds, all based on our unfettered, best of breed multi-management philosophy. We are also set to launch our first range of model portfolios.”