Ninety One has seen record earnings over the past year, raising profits by a third as the asset manager reversed its net outflows from the previous reporting period.
According to the firm's full year results to 31 March 2022, the business brought in £5bn of net inflows, compared with a loss of £0.2bn the year before. Alternatives saw the biggest growth, with assets under management up 15% on the year, but still remains the smallest asset class at £4bn, with multi-asset the next step up at £25bn also seeing double digit growth (12%). River & Mercantile's Dan Hanbury to return to Ninety One Fixed income grew 8% to £37bn, while equities increased by 9%, up to £68bn. Despite "ongoing travel restrictions" slowing the implementation of Ninety One'...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes