Inflows into Royal London's asset management arm (RLAM) helped boost the wider group's funds under management and profits over the first six months of the year.
During a challenging period for the financial services sector, RLAM saw gross inflows of £2.3bn, compared to £1.9bn for the first half of 2015, from both institutional and wholesale markets. Phil Loney (pictured), group chief executive of Royal London, said: "RLAM recorded a strong performance in the first half of 2016 with good gross and net inflows in sharp contrast to others in the asset management sector. "Institutional business was particularly strong, with a number of new clients investing in the credit and government bond portfolios in particular." RLAM expands global high y...
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