Henderson retail clients drive return to positive flow of new money
* Underlying pre-tax profit 190 mln stg
* Final dividend 5.85 pence
LONDON, Feb 26 (Reuters) - Fund manager Henderson Group (LSE: HGG.L - news) attributed an 14 percent increase in the assets it manages for clients to a strategy refocusing the business on retail clients.
Total (NYSE: TOT - news) assets under management were 75.2 billion pounds at the end of 2013, the company said in an earnings statement on Wednesday, up from 65.6 billion pounds and buoyed by a 2.5 billion pounds net inflow from retail clients.
The company added 82 percent of its funds are outperforming benchmarks.
"I am delighted to report a return to positive net inflows from our clients. This was driven by our retail fund ranges," Chief Executive Andrew Formica said.