Ninety One sees storming first year as listed firm May 20, 2021 By Funds Europe
Ninety One Asset Management saw a 27% rise in assets during 2020 - but it’s chief executive lamented negative flows.
Assets under management came to £130.9 billion – a record for the company – but outflows last year were of £0.2 billion, which compares to £6 billion of inflows in 2019.
The results for the full year 2020 were the first for Ninety One since it became a listed company and changed its name from Investec.
Hendrik du Tout, chief executive, said he was disappointed with the negative flows but added that new money had picked up in the second quarter of the reporting year.
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