Ninety One says net inflows fell slightly as Covid-19 batters markets
Market volatility and a weak global economic outlook are likely to persist for some time, says CEO Hendrik du Toit
20 May 2020 - 08:56
UPDATED 20 May 2020 - 10:20
Ninety One, Investec’s recently spun-off asset management unit, has reported a slight decline in client inflows for its year to end-March, a period during which global equities were battered by the Covid-19 pandemic.
In its first post-listing results, the group reported that net inflows fell 1% to £6bn (R134bn) from the year-earlier period, while assets under management slipped 7% to £103.4bn, with net inflows being more than offset by market volatility...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.