Markets surge lifts Henderson

The surge in stock markets this year has helped to boost Henderson's first-quarter results as more investors turn to equities.

Assets under management at the fund manager rose £3.2bn to £68.9bn despite net outflows of £1.3bn, most of which came from two big institutional withdrawals. Among its retail funds Henderson saw net inflows of £188m, the first positive quarter for two years,

Canaccord Genuity said that Henderson's fund flows "still remain choppy" and that it lagged some of its rivals in attracting new money.