F&C Asset Management reported an increase of 12.3 per cent in assets under management during the third quarter.

Assets jumped to £99.2 billion over the three months to September 30, from £88.3 billion in the previous quarter.

However, F&C Asset Management experienced a net outflow of £382 million as compared with £2.57 billion last year.

Stronger Euro against sterling helped assets to jump by £3.8 billion.

The group has also strengthened its balance sheet through its debt exchanged transaction.

Nevertheless, F&C wants to remain precautious about the outlook.

In the recent trading, F&C shares gained 2.95p-a-share to close at 76.45p-a-share.