Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

M&G defies bond bear as AUM hits fresh record

M&G defies bond bear as AUM hits fresh record

Investors poured £1.4 billion into M&G mandates over the first quarter of the year with continued strength across Europe helping to offset outflows within the UK.

Retail investors delivered £1.3 billion in net sales over the period, up 12% on the same period of the year before, driving total assets under management to a record £248 billion, up 4% over 12 months.

Institutional investors experienced ‘small’ inflows, but parent group Prudential said the company had a far stronger pipeline of new business of currently unfunded commitments in the rest of 2014.

‘Our asset management businesses have made a positive start to the year,’ said Prudential chief executive Tidjane Thiam (pictured).

External funds now make up the majority of the group’s assets, up 8% over the year to £128 billion.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter