ABN Amro Asset Management recovered from a poor first three months this year to post a rise in assets of more than €7bn ($8.6bn) in the three months to June 30, largely as a result of returns from foreign currency holdings.

Assets under management at the Netherlands fund manager grew from €159.4bn to €167.1bn at June 30 this year, with €2.4bn of the rise due to new business and asset appreciation. The manager did not split out how much business it actually won over the quarter.