Investec sees AUM soar on record inflows

clock

Investec's global asset management business expects to see assets jump 22% year on year after record inflows into the business during 2010/11.

The group says in its pre-close trading update total assets under management are expected to have climbed to £56.6bn within the asset management division, up 22%, over the year to the end of March. This has been driven by record net flows of more than £6.5bn, the group says. The UK numbers are expected to outperform that trend. Retail assets under management in the UK have already jumped sharply from £6bn last April to £9bn by the end of December 2010, according to IMA figures. Investec has seen strong inflows into a range of products including Alastair Mundy's Cautious Managed fun...

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

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: A dot-com lesson on diversification amid the AI boom

Partner Insight: A dot-com lesson on diversification amid the AI boom

Parallels between the dot-com bubble and today’s AI-driven market returns offer an important reminder about portfolio diversification.

Partner Insight: The Dividend Deluge

Partner Insight: The Dividend Deluge

Dividend investing has gained prominence, and it’s essential to navigate this golden period effectively.

Mark Peden, Investment Manager, Aegon Asset Management
clock 04 July 2024 • 6 min read
Partner Insight: Investing in a sustainable future goes beyond simply avoiding 'dirty' industries

Partner Insight: Investing in a sustainable future goes beyond simply avoiding 'dirty' industries

In this Q&A, Rory Sandilands, co-manager of the Aegon Global Short Dated Climate Transition, Aegon Absolute Return Bond and Aegon Investment Grade Bond strategies says recognising opportunity in companies positioned for a sustainable future requires a forward-looking inclusive framework that spans industries.

Sarka Halas
clock 02 July 2024 • 5 min read
Trustpilot