Short duration and UK equity boost RLAM in H1

Royal London Asset Management (RLAM) has seen net inflows quadruple compared to the same period last year as it highlights particularly strong performance from UK equity, short duration and sustainable funds.

The asset manager saw its assets rise to £106bn compared to £100bn at the start of H1, half yearly results released today show.

Net inflows were £2.1bn, rising 357 per cent from the same period last year, when they were £467m.

The results name short duration bond funds, UK equity and sustainable fund ranges specifically for their performance and note that it has recently launched the Emerging Markets Equity Tracker and Multi Asset Credit (MAC) funds.

Royal London chief executive Phil Loney notes that Article 50 was triggered during the period and the group is preparing for Brexit.

“We are in the process of domiciling a subsidiary in Ireland to enable our business in the Republic of Ireland to continue to trade and to mitigate any uncertainty. We expect to maintain strong capitalisation and profitability as the UK leaves the EU.”

30 June 2017

£m

30 June 2016

£m

Change

%

Inflows

5,122

2,319

121%

Outflows

(2,988)

(1,852)

(61%)

Net

2,134

467

357%