Henderson’s footprint strengthens
International asset manager, Henderson Global Investors, has celebrated its first anniversary since acquiring Perennial Fixed Interest and Perennial Growth Management in Australia.
The acquisitions added $11 billion to Henderson Australia's assets under management (AUM), and now Henderson's total AUM in Australia was around $17 billion, the fund manager said.
Henderson's Pan Asia executive chairman, Rod Adams, said: "The acquisitions in November 2015 brought forward Henderson Group's strategy to grow and globalise its business, providing a better platform for better growth for our Australian business".
Despite the challenging market conditions, both retail and institutional flows across all investments were strong, Adams said.
The majority of funds bought also continued to outperform their respective benchmarks, and that was critical to realising growth over the medium to long-term, Adams said.
Henderson Australia now provided a range of Australian fixed interest, Australian equity, absolute return, global fixed interest, and global equity solutions to Australians, the manager said.
Adams said key client relationships had been maintained and that both businesses were performing well and poised for further growth. That was further bolstered by their broad distribution reach.
"We've been pleased that strong ratings have been maintained from both asset consultants and research houses."
Recommended for you
The use of active ETFs in model portfolios by financial advisers is a key factor in the growth of the products for iShares, according to BlackRock.
Global asset manager BlackRock has identified bringing private markets to the wealth channel as a key business area for the firm that could generate US$500 million in revenue in the future.
Flows into cash and fixed income ETFs soared in May, rising from $366 million in April to more than $1.3 billion, data from Betashares shows.
Quinbrook Infrastructure Partners has promoted its Australian head to the role of chief executive of the global investment manager.
