M&G inflows quadrupled in 2012 but UK sales to slow this year

M&G broke its own records in 2012 to post soaring inflows and AUM at an all-time high, according to its full-year results, but expects sales in the UK to slow this year.

The asset manager had a record-breaking year in 2012 in terms of net sales, funds under management and profits, parent company Prudential said. Over the reporting period, the 12 months to 31 December 2012, M&G saw net inflows of £16.9bn, four times more than 2011's figure of £4.4bn. IFRS operating profit was £371m, up 4%, while funds under management were £228bn, an increase of 13% from the previous year. A combination of net flows, and rising bond and equity values led to a 13% increase in total funds under management to an all-time high of £228bn. However, in the UK, M&G's co...