Shares down for Henderson despite record net inflows

Money

Share price in Henderson Group fell today despite the company posting record net inflows and a boost to its profits in its full-year results.

The investment management company reported net inflows of £8.5bn for its year ended December 2015, up from last year's £7.1bn, and an underlying profit before tax from continuing operations of £220m, up 17 per cent on £187.8m the year before.

The London-headquartered company also announced assets under management of £92bn as at the end of December 2015, up 13 per cent on the prior year's £81.2bn.

"2015 was another strong year for Henderson," said Henderson's chief executive Andrew Formica. "Our active investment management capabilities delivered excellent returns for our clients in difficult market conditions, and we achieved record net inflows and underlying profits."

However, the market was not quite as pleased as Formica, with shares for the FTSE 250 listed company trading down 5.4 per cent at 233.1p just after 12pm London time.

Formica also warned that tricky times could be on the horizon, remarking:

"The first few weeks of 2016 have been challenging for investors and our clients, with a wide range of economic and geo-political risks weighing on markets. We will review our short term plans if difficult market conditions persist, but remain focused on our long term goals to grow and globalise our business."

Full story: Shares down for Henderson despite record net inflows: City A.M.

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