Ninety One reports record assets under management

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Ninety One reports record assets under management 🔒

Ninety One, the asset manager spun out of Investec in 2020, reported a 27% increase in assets under management to a record £130.9bn in its latest annual results, despite experiencing net outflows from its funds and a moderate dip in after-tax profit.

The London- and Johannesburg-listed company, which reports its results in pounds, said it experienced net outflows of £197m while after-tax profit attributable to shareholders slipped 0.9% to £154.6m in the year to end-March 2021...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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