IN BRIEF: Ninety One assets under management down in second quarter

Tue, 17th Oct 2023 08:52

Ninety One PLC and Ltd - London and Cape Town-based money manager - Assets under management fell by 7% to GBP123.1 billion for the second quarter that ended September 30 from GBP132.3 billion in the same period last year. AuM were down 1.4% from GBP124.8 billion in the first quarter 1.4% to June 30 and were 4.8% lower than GBP129.3 billion in the fourth quarter that ended March 31.

Ninety One expects to release its interim financial results on November 15.

Current London stock price: 170.30 pence, up 0.9% on Tuesday morning

12-month change: down 6.5%

Current Johannesburg stock price: ZAR38.88, up 0.2%

12-month change: up 3.4%

By Artwell Dlamini, Alliance News reporter

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