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M&G bucks industry trend with £1.5bn wholesale asset management inflows
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investmentweek.co.ukAccording to its 2023 results published today (21 March), the firm recorded positive net flows, although these came in at £800m, tempered by the firm's institutional business witnessing net client outflows of £700m. The asset manager said the wholesale inflows reflect the «continuing execution» of its strategy, which is focused on deepening relationships with key wealth managers and intermediaries, in addition to a «strong» equity performance. M&G launches €500m private credit ELTIF Wholesale assets under management and administration rose by £1.1bn to £55bn, with net client inflow...
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