Business
Ninety One Group: AUM up 3% to $127.4B, EPS down 11%, Sanlam deal adds GBP 17B assets and expands distribution
Ninety One Group: AUM up 3% to $127.4B, EPS down 11%, Sanlam deal adds GBP 17B assets and expands distribution
About this update from Ninety One Ltd.
AUM rose 3% to $127.4B despite net outflows, with adjusted EPS down 11% and a 30.5% margin. A major Sanlam deal will transfer GBP 17B in assets and boost distribution, while credit and alternatives showed growth. Management remains cautiously optimistic amid industry headwinds.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.