Ninety One assets under management slip year-on-year

(Sharecast News) - Global investment manager Ninety One said in an update on Tuesday that its assets under management amounted to £126bn as of 31 March. The FTSE 250 company said that reflected a slight decrease from £129.3bn a year earlier, and a modest increase from the £124.2bn it recorded at the end of December.

Ninety One said it would release its financial results for the financial year ended 31 March on 5 June.

At 0941 BST, Ninety One Group shares were down 1.42% at 167.1p.

Reporting by Josh White for Sharecast.com.