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Ninety One AUM slashes dividend after AUM fall and £9.4bn outflow
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In its annual results to 31 March published today (5 June), the FTSE 250 Anglo-South African asset manager reported a 3% decrease in AUM to £126bn, as net outflows outweighed positive market and foreign exchange movement of £6.1bn. Pre-tax profits ticked up 2% to £216.8m despite lower average assets under management of £123.9, down 8% year-on-year. On an adjusted basis, operating profit came in 8% lower than last year. Janus Henderson poaches UK distribution head from Ninety One Net outflows, which were slower than the £10.6bn reported in 2023, were largely driven by equities, sh...
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