According to its 2023 results published today (21 March), the firm recorded positive net flows, although these came in at £800m, tempered by the firm’s institutional business witnessing net client outflows of £700m.
The asset manager said the wholesale inflows reflect the “continuing execution” of its strategy, which is focused on deepening our relationships with key wealth managers and intermediaries, in addition to a “strong” equity performance.
M&G launches €500m private credit ELTIF
Wholesale assets under management and administration rose by £1.1bn to £55bn, with net client in…
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