Ninety One PLC (LON:N91) said that its assets under management increased by 14% in its first quarter to end-June, 2020
The London- and Johannesburg-listed asset manager, which demerged from parent Investec on Friday March 13, 2020, reported assets under management at June 30 of £118.0bn in a very short statement on Friday.
This was up from £103.4bn at the end of March, a momentous month for the business in many ways, with all staff moved to remote working amid the coronavirus pandemic just days after its demerger and listing.
Ninety One’s staff are all shareholders in the business and at the time of demerger collectively owned more than 21% of the equity of the group, since which point it has seen the share price increase by 45%.