M&G’s Asset Manager Sees Net Inflows Helped by Dutch Mandate Win

M&G Plc’s asset management arm saw net inflows in the first half of the year as it looks to win more business from investors outside its UK home market.

Clients added a net £2.6 billion ($3.5 billion) into the unit’s funds in the six months through June, M&G said in a statement Wednesday. Assets under management and administration rose 5.6% from the end of December to £168.8 billion.

The inflows were helped by a £2.2 billion mandate win in the Netherlands and improved flows in its structured credit channel, partly offset by redemptions in South Africa and Australia. ...