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Henderson profit drops 41 per cent

Uncertainty created by Britain's vote on its EU membership has had a big impact on the half year profit of asset manager Henderson Group.

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Source: AAP


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Global asset manger Henderson Group's half year profit has dropped 41 per cent amid market uncertainty related to Britain's referendum on its place in the European Union.

Henderson, which is listed on the Australian and London share markets, said its clients pulled back from investing in European assets and UK property before the 'Brexit' poll, and particularly after the vote to leave the EU.

Henderson made a net profit of GBP53.1 million in the six months to June 30, down from GBP90.6 million a year earlier.


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