Henderson Group Plc published its Interim Results for the six months ended 30 June 2015 on 30 July 2015. By the end of this period, its assets under management had experienced a growth of 10%; ending the first half of this year with GBP 82.1 billion under management.
Its net inflows in these past six months totaled GBP 5.6 billion. This new record on net inflows is attributed to the consistently strong investment performance, as 83% of funds are outperforming relevant metrics over the past three years.
Andrew Formica, Chief Executive of Henderson, said: “We are very pleased to have delivered another six months of record net inflows, built on consistently strong investment performance for our clients which highlights the strength of our active approach”. These new net inflows represent an annualized net new money growth of 14% in the period.
Back in April, Henderson Global Investors announced the sale of its 40% stake in TH Real Estate, to CREF for GBP 80 million, and the transaction was closed in June. Apart from this divestiture, new acquisitions were announced in June, to accelerate the presence of Henderson Global Investors in Australia. Formica added: “During the period, we continued to deliver on our strategy and attracted inflows from an increasingly global client base and product line. The acquisitions of Perennial Fixed Interest, Perennial Growth Management and 90 West will accelerate the growth of our Australian business and firmly establish our presence in this important market.”
In its latest interim business update, Henderson Global Investors, announced an underlying profit before tax from continuing operations of GBP 117.4, which represents a 29% increase compared to last year figure. Its underlying continuing diluted EPS rose to 8.9 p, from 6.8 p last June 2014; and its interim dividend rose from 2.60p per share last year to 3.10p.
Henderson Global Investors also announced a share buyback program to be initiated in the second half of 2015, with shares to the value of GBP 25.0 million to be purchased by year end. Finalizing its press release, Andrew Formica stated “We remain relatively positive on the market outlook, but are conscious that lingering investor caution during the northern hemisphere summer could affect flows across the industry in the third quarter. Nevertheless, Henderson remains well positioned. With strong sales momentum, increased brand recognition, excellent investment performance and disciplined investment in new initiatives.”