High interest rates dampen Ninety One’s results

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Conditions remain challenging for asset managers, says CEO.

Ninety One – the London Stock Exchange and JSE dual-listed global asset manager – saw its average assets under management drop by 8% to £123.9 billion for the full year ended 31 March 2023, it announced on Sens on Wednesday.

“These circumstances had an impact on Ninety One’s results, in particular its net flows,” Du Toit noted. A final dividend of 6.4 pence per share was announced, bringing the full-year dividend for the period under review to 12.3 pence per share . Listen/Read: Ninety One launches infrastructure fund ADVERTISEMENT CONTINUE READING BELOW “Despite these conditions, we delivered robust financial results.”

 

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