June 26, 2019 / 2:53 PM / 25 days ago

H20 Asset sees 'substantial' inflows, marked drop in redemptions

LONDON (Reuters) - H20 Asset Management said on Wednesday it has seen big inflows in recent days and redemptions have subsided markedly as the firm, owned by Natixis, aims to restore investor confidence amid worries about some of its funds’ investments.

In an emailed statement, H20 said its assets under management stood at 27 billion euro (24 billion pounds) on Wednesday after “substantial” inflows since Monday.

Redemptions were down to 450 million euros on Wednesday, which is roughly five times less than at their peak on Friday, it said.

It said it has removed all entry fees across all funds until further notice.

Reporting by Simon Jessop and Josephine Mason; Editing by Susan Fenton

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