Assets jump at Old Mutual

City A.M. Reporter
OLD MUTUAL has grown its funds under management 14 per cent to £287.5bn in the year to date, helped by strong sales in both the UK and emerging markets.

“Our strong momentum continued with a third consecutive quarter of positive net client cash flow in all our businesses,” chief executive Julian Roberts said.

Gross sales for the Anglo-South African group were up 11 per cent at £6.5bn while net client cash flow was £2.6bn over the period.