Aviva Investors has seen positive net flows of £893m in the first nine months of 2021, having suffered net outflows of £443m in the same period last year.
According to the company's latest trading update, net flows were up 302% on last year, driven by strong trading momentum and a shift in focus to ESG, real assets, infrastructure and credit. External net flows hit £1.6bn for the nine month period, compared with £1.2bn in 2020, the company said. Assets under management in the third quarter of 2021 reached £263bn, up 1% on the previous three months. Aviva plc recently completed around £450m of a £750m share buyback, which forms part of the company's target to return at least £4bn to shareholders, announced in August. ...
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