Robeco Group reports 16% net profits growth for Q1
Dutch asset manager Robeco Group has announced a €15bn net cash inflows for the first quarter of 2012, with assets under management increased from €150bn at the end of 2011 to €177bn.
During Q1, net profits have also increased by 16%, reaching €64m.
According to data released by the group, more than 80% of investment strategies have outperformed their benchmarks in the first quarter, with institutional clients mainly contributing to strong inflows.
In the first quarter, Robeco reported a total average excess return on all capabilities of 1.67%, gross of fees.
Roderick Munsters, chief executive of the group, said: “Strong asset growth demonstrates the attractiveness of our strategies. We will continue to further build our institutional client base and are securing a good reputation for our pensions offering.”
In 2010, Robeco set out a five-year strategy aimed at supporting clients in their investment ambitions, by focusing on cost efficient growth.
“Two years into the plan, we are confident of achieving our asset growth targets while we continued to improve efficiency, with the implementation of measures to reduce IT and operations expenses,” the company said.