RLAM Benefits From Fixation With Fixed Income

Sally Ling

7 March 2013

UK-based Royal London Asset Management saw total inflows of £2.3 billion (about $3.49 billion) in 2012 - an increase of 66 per cent on 2011. At the end of 2012 the firm’s assets under management had risen to £47.6 billion, up by 8 per cent over the year.

While RLAM saw inflows into all four asset classes in which it manages money – fixed interest, equities, property and cash – the bulk was in fixed interest, which attracted 88 per cent of total new money. Wholesale clients accounted for flows of £680 million, more than 30 per cent of total new business, split between equity and bond funds.

The Royal London UK Equity Income Fund attracted £94.8 million of new business during the year. RLAM notes that this is the only fund in the IMA UK equity income sector to have outperformed its benchmark in each of the past five calendar years and that this strong performance found favour with intermediaries.

RLAM manages assets on behalf of institutional and wholesale clients, as well as for its parent company, the Royal London Group, the largest mutual life and pensions company in the UK.