Key facts
- Ninety One increased its share buyback program to £55 million.
- The company raised its full-year dividend by 10%.
- Assets under management reached a record R3.7 trillion.
- Inflows returned to the company.
- The Sanlam transaction contributed to asset growth.
Ninety One has announced an increase to its share buyback program, raising its value to £55 million. Concurrently, the company is increasing its full-year dividend by 10%. These capital return initiatives coincide with Ninety One's assets under management reaching a record R3.7 trillion. This growth was attributed to positive market performance and the completion of the Sanlam transaction, which also saw the return of inflows to the firm. CEO Hendrik du Toit commented on solid growth despite geopolitical challenges slowing second-half inflows, touching on AI investment risks, a Sanlam acquisition, the launch of Ninety One Asia, and its increased share buyback programme.