Ninety One reports 8% drop in AUM driven by £3.2bn client outflows

Client assets at the firm decrease £132bn amid tough economic climate

Julia Bahr
clock • 2 min read

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...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your Business

What it takes to become a good leader in financial planning

What it takes to become a good leader in financial planning

Empowering people key to effective leadership, experts say

Julia Bahr
clock 01 December 2022 • 7 min read
Five steps to crafting the perfect elevator pitch for your advice firm

Five steps to crafting the perfect elevator pitch for your advice firm

Tips for advisers to consider and traps for them to avoid

Simon Goldthorpe
clock 28 November 2022 • 4 min read
Can your business succeed by failing intelligently?

Can your business succeed by failing intelligently?

'The first step in failing intelligently is to take responsibility'

Darren Mead
clock 25 November 2022 • 4 min read