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.

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