Ninety One outflows surge to £4.3bn as assets slump 5%

AUM falls to £123.1bn

Elliot Gulliver-Needham
clock • 1 min read

Net outflows have continued to mount at Ninety One, reaching £4.3bn in the six months to 30 September.

Assets under management for the firm have also continued to slide, decreasing by 5% over the six months to £123.1bn, according to its interim results published today (15 November). Ninety One outflows reach £10.6bn in year of 'significant headwinds' The firm has seen consistent outflows in recent months. Earlier this year, it revealed it had shed £10.6bn in outflows for the 12 months to March 2023. Profits before tax also saw a decline, dropping 6% from a year ago to £104m, whlie adjusted operating profit fell 9% to £97.9m. Hendrik du Toit, founder and CEO of Ninety One, credite...

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 Companies

M&G CIO warns of the threat to long-term planning caused by Trump

M&G CIO warns of the threat to long-term planning caused by Trump

Markets too volatile to plan ahead

clock 28 April 2025 • 2 min read
SJP charges overhaul scheme given summer 2025 deadline

SJP charges overhaul scheme given summer 2025 deadline

Cost and efficiency programme continues

Jenna Brown
clock 24 April 2025 • 2 min read
Magnificent Seven valuations require more structural changes to be budged from their perch

Magnificent Seven valuations require more structural changes to be budged from their perch

Despite lower earnings

Linus Uhlig
clock 23 April 2025 • 5 min read
Trustpilot