Ninety One assets under management slip year-on-year

Tue, 16th Apr 2024 09:42

(Sharecast News) - Global investment manager Ninety One said in an update on Tuesday that its assets under management amounted to £126bn as of 31 March.

The FTSE 250 company said that reflected a slight decrease from £129.3bn a year earlier, and a modest increase from the £124.2bn it recorded at the end of December.

Ninety One said it would release its financial results for the financial year ended 31 March on 5 June.

At 0941 BST, Ninety One Group shares were down 1.42% at 167.1p.

Reporting by Josh White for Sharecast.com.

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IN BRIEF: Ninety One assets under management up in March from December

Ninety One PLC and Ltd - London and Cape Town-based money manager - Assets under management decline 2.6% to GBP126.0 billion on March 31 - the end of ...