Royal London Asset Management has had a tough start to 2022 with a 9% decline in its total assets under management during the first six months of the year.
As of 30 June 2022, the AUM sat at £150bn compared with £164bn at the same point in 2021. In its half-yearly report, the group listed the various headwinds that had depressed its AUM: "Continuing geopolitical and economic uncertainty, stemming from the war in Ukraine, the emergence of stagnation fears and the increased cost of living. "These factors have led to turbulent market conditions, with a compression in fixed income prices, volatile equity valuations and pressure on customers' disposable income." The group added that these falls matched the declines seen across global equit...
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