Candriam posts €4.5bn net inflows in H1 2017

Candriam posts €4.5bn net inflows in H1 2017

Brussels-headquartered Candriam Investors Group has reported a growth of assets under management of €6.1bn during the first six months of 2017.

Net new money accounted for €4.5bn, of which €2.8bn went into sustainable and responsible investment strategies.

Candriam’s AuM totalled €108bn as of 30 June 2017 from €101.9bn at the end of December 2016.

The largest share of inflows for the first half of 2017 has been into the manager’s European equities and asset allocation strategies. Best-sellers’ list also included funds focusing on emerging markets bonds and equities, in particular the SRI Emerging Markets Equity and the Long Short Credit strategies.

Some 26% of Candriam’s total AuM is engaged in SRI screening processes, up from 21% at the end of 2016. The Belgian company announced that a new SRI high yield strategy will be launched by the end of the year.

The first half of 2017 has seen Candriam entering the ETF market and launching innovative strategies, a digital long short and a robotics funds.

Candriam said it is “gaining traction” within the European institutional investor space. The distribution foothold in countries such as Spain, Italy, Germany and the UK has been strengthened while the manager looks at pursuing its expansion in the United States and Asia.

Naïm Abou-Jaoudé, CEO of Candriam Investors Group and chairman of New York Life Investment Management International, said: “In just a few years, Candriam has known an exponential growth. We have delivered strong business performance with AuM increasing more than 50% over the last three years. Both as an investor and responsible company, we believe that only inclusive growth is sustainable. Therefore we consistently advocate a focus on ESG aspects, which should be a primary responsibility of the asset management industry.”

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