[LISTEN] For the year to March 2022, Ninety One's assets under management rose 10% to £144 billion or around R2.7 trillion. Ryk_van_Niekerk speaks to CEO HendrikDuToit on the group's latest results. MoneywebNews
RYK VAN NIEKERK: Ninety One is the largest asset manager in South Africa and the group announced results for its financial year to the end of March 2022 today. During this period the assets under management rose by 10% to £144 billion or around R2.7 trillion. This means Ninety One manages more money than the Public Investment Corporation or the PIC, which has around R2.4 trillion under management. During the period Ninety One’s revenue rose by 2% to R13.
South Africa’s a very significant market for us, although obviously most and a big part of those assets are invested in the domestic market as well. RYK VAN NIEKERK: Well, you had a good year last year. The assets under management rose by 10%, as I said earlier, or a net inflow of around £5 billion.
They have not. But we come from a year where revenues have increased by 10% in sterling terms, and management fees by 13%. That happens when you have reasonably good markets.
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