7th May 2026 09:49
(Alliance News) - M&G PLC on Thursday said it has made a "strong start to 2026," as it reported net inflows in its asset management business.
The London-based investment manager said group net outflows totalled GBP1.5 billion in the three months to March, improving from GBP2.3 billion outflows a year ago.
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Net inflows in the Asset Management business of GBP700 million compared to flat flows a year ago, driven by strong Wholesale performance, compensating for subdued activity from Institutional clients.
In Asset Management, assets under management & administration reached GBP343.5 billion, including GBP183 billion from external clients, little changed from GBP345.2 billion at the end of 2025, and 10% higher year-on-year.
Life AUMA fell 2.3% to GBP187.9 billion from GBP192.2 billion at the end of 2025, due to modest adverse market movements and expected net outflows from its legacy business.
PruFund experienced small net outflows of GBP100 million in the period as the impact of market volatility in March offset a positive start of the year with net inflows in both January and February.
"We have made a strong start to 2026," said Chief Executive Andrea Rossi, adding "we are confident in our ability to deliver continued growth this year."
Shares in M&G were up 0.4% at 306.40 pence each in London on Thursday.
By Jeremy Cutler, Alliance News reporter
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