Key highlights
Underlying profit before tax of £101.1m, a half year record.
Positive retail net flows of £587m.
UK retail net inflows of £154m in second quarter.
Strong investment performance over three years; 73% of funds meet or exceed benchmarks.
TIAA Henderson Global Real Estate progressing well to complete next year.
AUM £67.9bn at 30 June 2013.
Diluted underlying EPS increases to 8.0p.
Commenting on the 2013 interim results Chief Executive, Andrew Formica said:
"I am delighted to be reporting a record set of interim results. The strategic initiatives we have made to reposition the Group are having a positive impact and generating momentum across Henderson in terms of both our client and financial performance. The continued strong investment performance on behalf of our clients has in turn translated to an improvement in retail flows, with approximately £600 million of net retail inflows in the first half. Our strong financial position is enabling us to continue to invest in both our investment and distribution capabilities to further our growth. With these solid foundations in place and our strong cash generation and sound balance sheet, I am confident about the outlook for the Group."
