Robeco Group, the Netherlands-based asset manager, saw record net cash inflows of €15 billion in the first quarter and a 16% increase in profits.
The company said positive investment results were seen in Q1 with total average excess returns on all capabilities of 1.67% gross of fees and 83% of assets outperforming their benchmarks.
Assets under management increased to €177 billion from €150 billion at the end of 2011. Institutional clients were the main contributors to the inflows.
Robeco’s profit was €64 million, which compared to €55 million for the first quarter 2011.
©2012 funds europe
