GLOBAL - Fortis Investments increased its assets under management by 6% to e111bn in the first half of 2006, with e7.1bn in net asset inflows attributed to product performance and innovation.
The firm’s first-half net profit was e46m, 85% ahead of the same period in 2005.
Richard Wohanka, chief executive officer of Fortis Investments, said there had been an appetite for absolute return products over the period.
Fortis’s Absolute Return Balanced, Absolute Return Growth and Absolute Return Stability funds all received ‘A’ ratings from Standard & Poor’s.
The firm said the launch of its Haitong Enhanced Return Fund, based on the absolute return concept and the fifth fund to be launched by the company’s Chinese joint venture Fortis Haitong, illustrated its commitment to emerging markets.
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