Ninety One (N91)

Sector:

Financials

Index:

FTSE 250

162.70p
   
  • Change Today:
      7.10p
  • 52 Week High: 191.80p
  • 52 Week Low: 153.70p
  • Currency: UK Pounds
  • Shares Issued: 622.62m
  • Volume: 395,675
  • Market Cap: £1,013.01m
  • Beta: 0.99

Ninety One AuM decline in year of 'significant headwinds'

By Michele Maatouk

Date: Wednesday 17 May 2023

LONDON (ShareCast) - (Sharecast News) - Ninety One reported a decline in full-year assets under management on Wednesday, saying it had been "a year of significant headwinds".
In the 12 months to the end of March, assets under management fell 10% to £129.3bn, with net outflows of £10.6bn versus net inflows of £5bn a year earlier. The investment manager said the second half of the year drove the bulk of these outflows and more than half of the annual net outflows were driven by the asset allocation decisions of three clients, though all still remain clients.

Pre-tax profit was down 20% to £212.6m and adjusted operating profit declined 10% to £206.9m.

Following a record year in 2022, Ninety One said it was faced with a combination of higher inflation, the fastest rise in interest rates since it started the business, heightened geopolitical uncertainty, a liability-driven investing (LDI) crisis in the UK, significant bank failures in the developed world and energy shortages.

"All of this led to unprecedented risk-aversion among asset owners," said chief executive Hendrik du Toit. "This created significant headwinds for a firm like ours, which primarily offers 'risk-on', public-market strategies.

"Furthermore, and regrettably, we have to mention the deterioration of economic prospects in our original home market, South Africa, where we have a substantial business. We consider it our duty to call this out, but also to work constructively with government, civil society and other stakeholders to improve this situation. These circumstances have impacted our results, in particular, our net flows."

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Ninety One Market Data

Currency UK Pounds
Share Price 162.70p
Change Today 7.10p
% Change 4.56 %
52 Week High 191.80p
52 Week Low 153.70p
Volume 395,675
Shares Issued 622.62m
Market Cap £1,013.01m
Beta 0.99

Ninety One Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.23% above the market average38.23% above the market average38.23% above the market average38.23% above the market average38.23% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Price Trend
26.75% below the market average26.75% below the market average26.75% below the market average26.75% below the market average26.75% below the market average
17.86% below the sector average17.86% below the sector average17.86% below the sector average17.86% below the sector average17.86% below the sector average
Income
45.87% above the market average45.87% above the market average45.87% above the market average45.87% above the market average45.87% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Growth
85.71% below the market average85.71% below the market average85.71% below the market average85.71% below the market average85.71% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average

Ninety One Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-24 18-Jul-24
Paid 31-Dec-24 08-Aug-24
Amount 5.40p 6.40p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 6,933 @ 162.70p
16:35 102,953 @ 162.70p
16:35 139 @ 162.70p
16:35 104 @ 162.70p
16:35 86 @ 162.70p

Ninety One Key Personnel

Chair Gareth Penny
Finance Director Kim Mary McFarland

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