Ninety One sees AuM slip in second quarter

17th Oct 2023 08:20

(Sharecast News) - Asset management firm Ninety One reported a slight fall in assets under management (AuM) in its fiscal second quarter.

The Anglo-South African firm, which was formerly known as Investec Asset Management until it was demerged from the group in 2020, said AuM totalled £123.1bn by 30 September.

This was down from £124.8bn by the first-quarter stage (30 June) and £129.3bn at the end of the last financial year (31 March).

The update comes ahead of Ninety One's interim results due on 15 November.

The stock was up 1.1% at 170.5p by 0825 BST.