Following its unbundling from Investec, Ninety One has released its maiden results.
The group has reported a 1% decline in annual net flows to just more than R132mn, while assets under management fell by 7%. Ninety One has pointed to market volatility as well as a weak global economy as reasons for the decline.
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WATCH: How market volatility knocked Ninety OneNinety One CEO Hendrik du Toit talks to Business Day TV about the company’s maiden results
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