BELGIUM - Fortis Investments saw its institutional assets under management rise 5% to €49.5bn at the end of June, from €46.9bn at the end of last year.

The Belgium-based manager reported a net inflow of €6.4bn tor the first half of 2007, a result similar to the €7.1bn achieved in the same period last year.

Together with a €3.9bn in market appreciation, its total assets under management increased to €131.1bn from €120.8bn.

This 9% rise in assets under management compares to a 6% rise to €111bn for the first half of 2006.

One major institutional mandate win for Fortis Investments was a €700m money market funds brief with the €4bn Fonds de Compensation in Luxembourg in June 2007.

Net profit for the Belgium-based manager was €60m for the first half of 2007 - a 22% increase on the result for the first six months of 2006.

Fortis Investments also noted its SRI assets under management grew by over 40% in the second quarter to €1.7bn.

It said the growth was "driven by strong inflows into global sustainability investment products from a broad range of client types".