Old Mutual Wealth's funds under management and sales rise



Financial services group Old Mutual Plc (OML.L), which has said it will split into its four main businesses, reported a jump in funds under management at its Old Mutual Wealth business for the nine months ended Sept. 30, driven by strong net flows and favourable market movements.
The Anglo-South African company said funds under management at Old Mutual Wealth rose by 14 percent in the period to 119 billion pounds.
Net client cash flows fell to 900 million pounds in the third quarter from 2.3 billion pounds a year earlier.
Over the nine months, net client cash flows fell to 4.1 billion... read more

 
11 October 2016 in World News, Views: 31
Source: Reuters
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