M&G assets climb above £200bn as Pru inflows jump 12%

M&G Investments, the country's largest asset manager, saw its net inflows rise 5% to nearly £1.8bn in Q1, as parent company Prudential also reported a jump in sales.

M&G - which boasts a number of well-known fund managers including bond stars Richard Woolnough and Jim Leaviss, said net inflows rose to £1.77bn, up from £1.68bn, with assets under management climbing 2% to £202.9bn. Meanwhile the wider Pru business saw new business profits climb 8% to £536m, with investment net flows up 12% to £2.12bn. However, in the UK new business profits fell 5% to £62m, while US profits also dipped, although the falls were offset by gains in Asia. Tidjane Thiam, (pictured), Pru's group chief executive, who fought off a shareholder revolt in 2010 after the fai...