First half earnings were 23% up on the second half of FY16 (100% ahead of H1’16). That reflects six consecutive quarters of strong growth in assets under management and advisory (AUM). Total net inflow was a record £870m in the first half, and the value of the group’s listed equity funds grew by £340m, or 8.2%. That combined is equivalent to a 27% increase in AUM to £5.7bn, while another very good month pushed that above £6.0bn by end April. The interim figure included $1bn for North America, an important medium term milestone.
