Pre-tax profits at Ninety One were up 11% for the year to 31 March, standing at £198.5m, however, assets under management (AUM) dipped 7% to £103.4m, its annual results show.
Ninety One, formerly Investec Asset Management, reported net inflows of £6bn which it said was in line with the previous year. Basic earnings per share increased 11% and adjusted earnings per share increased 10%. The annual results said the business had made "meaningful progress" in positioning the firm as an independent investment manager with significant employee ownership. Employees now own more than 21% of the business, which the results said "leave [it] better aligned with clients and shareholders". It demerged from Investec, listed and rebranded in March days before the coron...
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