Dexia Asset Management has reported that its assets under management (AuM) remained stable, standing at 72.7 billion (US$96.9 billion) as of 30 June 2013, compared to 72.9 billion (US$97.1 billion) at the start of the year.
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The firm’s adjusted net new cash (NNC) was slightly negative at -192 million (year-to-date) YTD, but turned strongly positive in the second quarter at +1.467 billion.
The European business performed particularly well over the year with a positive NNC of +1.4 billion YTD due to strong net inflows in retail and private banking products and several new institutional mandates won.
Naïm Abou-Jaoudé, CEO of Dexia Asset Management, said: "Over the past year, we have succeeded in generating new business across Europe, collecting new assets in our distinct specialist strategies and delivering excellent performance across our product range.
"Dexia AM has received 24 awards across all asset classes so far this year. This success is testament to the continued confidence that our clients have in our products, our customer-focused model and our belief in responsibility and excellence across all areas of our business."
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