Royal London Asset Management has reported record-breaking external net flows of £4.1bn for 2018, allowing the group to maintain its £114bn FUM figure despite volatile markets.
The record figure compares with external net flows of just £2.8bn in 2017 and contributed to total net inflows of £7.7bn for 2018, which also include internal inflows of £3.6bn. This was achieved despite the sale of RLAM CI in October which resulted in a net outflow of £2bn. While total funds under management were reduced by the sale, which was done to simplify RLAM's investment management operations, strong external inflows allowed FUM to remain stable at £114bn, the same figure as at the end of 2017. Meanwhile, the group's strength in the fixed income space helped it to win new mand...
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