View more on these topics

M&G inflows increase 329% to £11.3bn


M&G has seen inflows rise 329 per cent to £11.3bn during the first nine months of the year, up from £2.6bn for the same period in 2011.

Parent company Prudential group chief executive Tidjane Thiam lauded “record net inflows of £12.3bn” for its asset management division, which were supplemented by inflows of £1bn into Asia asset manager Eastspring Investments.

He says: “This is our best ever performance at the nine month stage, surpassing the historically high level of net inflows achieved in 2009.

“M&G has benefited from its strong investment performance and broad range of attractive funds across asset classes as retail investors, particularly those in continental Europe, are starting to invest again after a period of extreme risk aversion observed in 2011.”

The asset manager saw inflows of £6.4bn during the third quarter of 2012, compared with outflows of £300m for the third quarter of 2011.

However, it has warned net retail fund sales in the UK could slow as a result of its decision to slow inflows into two of its corporate bond funds.

Funds under management increased by 12 per cent to £216.9bn , compared with £194.4bn at 30 September 2011. Its retail operations saw assets under management increase between the second and third quarters to £52bn, up from £48.3bn.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm