M&G maintains 'positive momentum' as AUMA grows to £365bn in Q3

In its latest trading update, the firm reported that both institutional and wholesale franchises contributed to net inflows in M&G's asset management business, delivering £800m and £700m, respectively, over the quarter. This was driven by continued client demand across geographies and asset classes, particularly in European public equities, as well as in private and structured credit. Momentum is expected to continue in coming months, as M&G begins to generate new business flows through its partnership with Dai-ichi Life, the firm said. Life AUMA of £188bn were up 2% over the perio...