Pre-tax profits at Henderson Global Investors dropped 8% in 2012, as products in all but one asset class – property – suffered net outflows over the period.

The UK asset manager said in its full-year results today that pre-tax profits fell to £146.5m over 2012, compared with £159.2m at the end of the previous year. However, net outflows of £3.9bn for the year were not as bad as some analysts had thought.