Two of Benelux's largest asset managers registered mixed results for the first six months of the year, with one reporting a drop in institutional sales of 74%, while assets under management at the other remained flat in the first half.

Aegon Asset Management, the fund management arm of Dutch insurance group Aegon, said its UK retail business had performed well over the first half of the year, on the back of bond fund sales, but institutional sales fell from $2.3bn (€1.8bn) in the first six months of 2005 to $600m in the same period this year.