Report
Stephen Ellis
EUR 98.48 For Business Accounts Only

Henderson Sees More Outflows in 1Q

Henderson Group reported net outflows in the first quarter of GBP 1.4 billion for its retail client base and GBP 0.4 billion from institutional clients in a difficult environment complicated by its pending merger with Janus, in our view. That said, we note management statements revealing improving client sentiment and increased flows towards the end of the quarter. Most of the outflows on the retail side can be explained by merger-related restructuring of the global equities team. Henderson has ...
Underlying
Henderson Group plc

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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