M&G Prudential's AUM grew by 13% to £351bn in 2017, as the firm saw record net inflows into M&G and PruFund, primarily driven by new UK and European business.
In the UK and Europe, PruFund sales increased by 36% to £1.2bn over the course of 2017, while M&G saw record net inflows of £17.3bn from external clients. Overall the firm's asset management business saw £20.5bn of net inflows, with £3.1bn of sales in Asia. The firm said it had seen "significant contributions" from European investors into the Optimal Income fund, Global Floating Rate High Yield fund and multi-asset range, inaddition to new institutional businesses within its public debt, illiquid credit strategies and infrastructure equity funds. M&G Prudential's total operating pr...
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