Ninety One outflows surge to £4.3bn as assets slump 5%

Assets under management for the firm have also continued to slide, decreasing by 5% over the six months to £123.1bn, according to its interim results published today (15 November). Ninety One outflows reach £10.6bn in year of 'significant headwinds' The firm has seen consistent outflows in recent months. Earlier this year, it revealed it had shed £10.6bn in outflows for the 12 months to March 2023. Profits before tax also saw a decline, dropping 6% from a year ago to £104m, whlie adjusted operating profit fell 9% to £97.9m. Hendrik du Toit, founder and CEO of Ninety One, credite...