RLAM flows up significantly

Added 12th May 2016

Royal London Asset Management has reported net inflows of £357m, up significantly from the £111m recorded in the first quarter of 2015.

RLAM flows up significantly

Gross inflows of £1.1bn during the first quarter were up from £662m in the same period of 2015.

This was largely due to a significant increase in institutional new business with a number of new clients being added, the company said.

The Ascentric wrap platform saw sales of £0.5bn, down slightly from £0.6bn last year. Assets under administration on the platform increased by 3% over the quarter to £10.4bn from £10.1bn at 31 December 2015.

As a whole the Royal London group increased its funds under management to £87.9bn at 31 March 2016, up 4%  over the quarter from the £84.5bn recorded at 31 December.

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Alex Sebastian

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Alex joined Portfolio Adviser in April 2014 and has been a financial journalist since 2008. He has previously held editorial positions at the Financial Times Group and Euromoney Institutional Investor. Alex is NCTJ qualified and has a degree in economics from the University of Sussex.



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