16th Jul 2021 09:24
(Alliance News) - Ninety One PLC and Ltd on Friday reported an increase in assets under management, both over a year before and the end of the previous quarter.
The asset manager saw a rise in assets under management to GBP139.0 billion at June 30, up 6.1% from GBP130.9 billion at the end of March and 18% higher than the GBP118.0 billion a year ago.
Ninety One is an Anglo-South African asset management business, based in London and Cape Town. Ninety One completed its demerger from Investec in mid-March 2020. Following an initial public offering in London and Johannesburg, Investec held a 25% stake, with 55% held directly by Investec PLC and Investec Ltd shareholders. Around 20% is held by employees.
Ninety One Ltd shares were 0.1% lower in Johannesburg at ZAR45.85, while Ninety One PLC shares were 1.7% higher at 233.40 pence in London.
By Greg Roxburgh; [email protected]
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