Client assets at Ninety One decreased by 8% in the six months to September 2022, according to the asset manager. .
In light of challenging operating conditions, 2022/23 H1 interim results for the firm - published today (15 November) - show clients pulled £3.2bn from its funds and assets, dropping them to £132.3bn. The outflows represented an extreme change for Ninety One, after the firm saw its inflows rise to £5bn in the financial year to the end of March. Ninety One said it was a "risk-on business" operating in a "risk-off" environment and highlighted that its long-term investment performance remained competitive. "Our business is inherently exposed to the price volatility of the financial asset...
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