In a first-quarter trading update, M&G reported £371bn in assets under management, broadly flat from the start of the quarter and up 10% year-over-year.
Performance was driven by £0.6bn of net inflows from open business, with £0.7bn into Asset Management offsetting a £0.1bn outflow for the Life business.
The group remains confident it can deliver “continued growth this year”.
The shares were broadly flat in early trading.
Our view
HL view to follow.
M&G key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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