Ninety One reverses outflows as profits rise a third

£5bn net inflows

James Baxter-Derrington
clock • 2 min read

Ninety One has seen record earnings over the past year, raising profits by a third as the asset manager reversed its net outflows from the previous reporting period.

According to the firm's full year results to 31 March 2022, the business brought in £5bn of net inflows, compared with a loss of £0.2bn the year before. Alternatives saw the biggest growth, with assets under management up 15% on the year, but still remains the smallest asset class at £4bn, with multi-asset the next step up at £25bn also seeing double digit growth (12%). River & Mercantile's Dan Hanbury to return to Ninety One Fixed income grew 8% to £37bn, while equities increased by 9%, up to £68bn. Despite "ongoing travel restrictions" slowing the implementation of Ninety One'...

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