Investec Asset Management sees funds under management surpass £100bn

Net inflows of £7.3bn

Investec Asset Management has seen its funds under management pass £100bn for the first time, the firm announced in its final results today.

For the year ending 31 March, Investec's asset and wealth management businesses saw net inflows of £7.3bn, which it said contributed to higher average funds under management, alongside favourable market levels. Third party assets under management increased 6.5% to £160.6bn, up from £150.7bn in 2017, while customer accounts increased 6.5% to £31bn, up from £29.1bn in 2017. The group said it has continued to invest into the business, "positioning itself for further growth across its client franchise businesses and ensuring that it remains competitive and relevant in the markets in which...