Ninety One is expected to complete the transfer of Sanlam Investments UK Limited’s active asset management business next week.
This comes following the previous announcements about the deal in November 2024 and March this year.
Ninety One UK will be the primary active asset manager for a specified portion of SI UK’s assets under management (AUM).
The transaction is is expected to complete on Monday, 16 June.
As part of the deal, Ninety One will issue and allot 13,675,595 ordinary shares to SI UK.
Ninety One continued to experience net outflows in 2025, amid continuing economic uncertainty and market volatility.
In its financial report for 2025, the firm reported net outflows of £4.9bn – an improvement from the prior year (2024: net outflows of £9.4bn).
Net flows improved in the second half relative to the first half (H1 2025: £5.3bn net outflows versus H2 2025: £400m net inflows) driven by increased gross inflows as well as some reduction in gross outflows.
The report also said that assets under management rose by 4% to £130.8bn and the group’s adjusted operating profit margin was 31.2% in the year.
