Man Group reports 5% increase in Q1 AUM

(Sharecast News) - Investment management firm Man Group reported an improvement in assets under manager in the first quarter, according to a trading update released on Friday. The company said AUM totalled $175.7bn by 31 March, up from the $167.5bn reported at the end of the 2023 financial year.

The increase was a result of a $9.8bn positive swing in investment performance, slightly offset by $1.6bn in net outflows.

In terms of product categories, notable increases in AUM were recorded for 'Japan equity', 'credit and convertibles' and 'global equity'.