Ninety One sees AuM slip in second quarter
Asset management firm Ninety One reported a slight fall in assets under management (AuM) in its fiscal second quarter.
Financial Services
16,065.25
14:00 20/09/24
-0.27%
-43.39
FTSE 250
20,890.29
14:00 20/09/24
n/a
n/a
FTSE 350
4,552.08
14:00 20/09/24
n/a
n/a
FTSE All-Share
4,508.90
14:00 20/09/24
n/a
n/a
Ninety One
167.50p
14:00 20/09/24
-0.83%
-1.40p
The Anglo-South African firm, which was formerly known as Investec Asset Management until it was demerged from the group in 2020, said AuM totalled £123.1bn by 30 September.
This was down from £124.8bn by the first-quarter stage (30 June) and £129.3bn at the end of the last financial year (31 March).
The update comes ahead of Ninety One's interim results due on 15 November.
The stock was up 1.1% at 170.5p by 0825 BST.