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Business

Ninety One enters partnership with Sanlam, assets rise 1%

Published by Uma Rajagopal

Posted on November 20, 2024

Featured image for article about Business

LONDON (Reuters) – Asset manager Ninety One has entered an investment partnership with South African life insurer Sanlam, it said on Wednesday, as it recorded a 1% rise in assets in the first half to 127.4 billion pounds ($161.85 billion).

Ninety One will gain preferred access to Sanlam’s distribution network and become its primary active investment partner, Ninety One said in a statement.

($1 = 0.7872 pounds)

(Reporting by Carolyn Cohn, editing by Sinead Cruise)