Ninety One has announced its assets under management (AUM) for the first quarter of 2024. The company reported a decrease in AUM compared to the previous year.
As of 30 June 2023, Ninety One’s AUM stood at £124.8 billion, which translates to approximately ZAR 2,946.88 billion at the current exchange rate of £1 = R23.60. This figure reflects a decline from the ZAR 3,183.84 billion reported on 30 June 2022. The AUM also represents a slight decrease from the ZAR 3,051.48 billion reported at the end of the previous quarter on 31 March 2023.
Despite the decrease in AUM, Ninety One remains a significant player in the investment management industry, offering a range of active strategies to its global clientele. The company was founded in South Africa in 1991 and has since expanded its operations and investments worldwide. Ninety One is currently listed on both the London and Johannesburg Stock Exchanges.
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