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M&G said it expected to begin to generate new business flows in the coming months through its partnership with Dai-ichi Life, the Japanese insurance group which it sold a 15% stake in the business to in MayPhoto: Bloomberg via Getty Images
M&G’s assets under management rose £10bn during the third quarter, buoyed by inflows into its asset management business.
The UK-listed group saw assets rise to £365bn at the end of September, up from £355bn at the end of June. It recorded net inflows of £1.8bn across its asset management and life divisions, bringing M&G’s total haul for the first nine months of the year to £3.9bn.
Categories: Enterprise Business Asset Management