Ninety One said assets under management for the year ended 31 March 2021 increased by 27% to a record £130.9 billion, driven by the market recovery. Firm-wide Investment performance improved, with three-year outperformance at 82%.
Profit before tax rose 3% to £204.1 million, bolstered by higher performance fees and flat costs. Adjusted operating profit advanced 9% to £206.2 million. Ninety One recorded net outflows of £197 million, while average assets under management were 1% higher, at £119.9 billion.
The Board of Ninety One proposed a final dividend of 6.7p, resulting in a full-year dividend of 12.6p.
Ninety One, which is marking its first year operating as an independently listed company and its 30th year in business, said basic earnings per share increased 1% to 16.9p and adjusted earnings per share rose 6% to 17.0p.
“We remain excited by the long-term growth opportunities for Ninety One,” Chief Executive Officer Hendrik du Toit said. “It is our intention to continue on our well-established organic growth path.”
The firm’s strategy, articulated at listing last year, is unchanged, encompassing a simple and capital-light model; consistent investment for growth; an owner culture; and long-term relevance to clients.
Subscribe to our free newsletter
Stay at the forefront of financial advisory excellence with MoneyMarketing's weekly insights. As a professional adviser, you'll receive carefully curated content that enhances your practice and client relationships without cluttering your inbox. Our commitment to delivering only relevant, actionable intelligence helps you make informed decisions that drive your business forward. Join our community of leading financial professionals today and transform your practice with our complimentary newsletter—because your success is our priority.
