French asset management group La Française has reported it has raised €4bn of net new inflows between end December 2015 and end July 2016.
Most inflows have come from institutional and international clients. As at 31 July 2016, the group’s AUM reached €57bn, up 9% compared to end December 2015.
Inflows in absolute return funds and dedicated investment solutions of La Française Global Investment Solutions have accounted for more than €2.2bn as at end of July 2016.
“In an environment with record-low interest rates, investors are seeking strong yields and performance. Post-Brexit, however, they appear to be following a wait-and-see approach and are reluctant to expose themselves to riskier asset classes.
“Against this background, fixed-income funds (private debt, high yield or unconstrained), fixed maturity funds, or even the structured products provided by La Française Group, continue to win over French and international investors,” the firm commented.
On the property side, La Française Real Estate Partners has raised €1.4bn in the first seven months of the year through its collective property funds and direct property investments.