Investec reveals £350m share buyback as FUM falls 7.6%

Net inflows of £202m

clock • 2 min read

Investec has reported funds under management fell 7.6% in the six months to the end of September, which it blamed on falls in global markets, and announced a £350m share buyback programme.

A share purchase and share buyback programme of up to £350m will be executed over the next 18 months. This is in conjunction with the initial share purchase programme previously announced. Meanwhile, funds under management (FUM) decreased to £59bn during the six months to the end of September, compared to £63.8bn at the end of March. Net inflows were £202m, with £464m in discretionary FUM inflows partly offset by £261m net outflows in non-discretionary funds. Invesco reshuffles distribution and client solutions heads in raft of promotions Revenue grew 18.9% during the period. In...

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