Investec Asset Management has recorded a net inflow of £4.7bn for the first quarter of 2010.
The South African specialist bank and asset manager reported today that total third party assets under management increased by 50.7 per cent to £73.6bn for the period up until March 31.
Investec says investor demand has been strong across a number of investment strategies including global equities, commodities and fixed income.
The group, which has seen its assets under management climb to an all-time high of £46bn, says positive flows have been generated from all of its distribution channels.
Investec AM chief executive Hendrik du Toit said: “Investec Asset Management's long term strategy remains unchanged and we continue to be totally focused on managing our clients' money to the highest standard possible.
“Over the past 19 years we have grown from start up to one of the 100 largest asset managers in the world. We now have a wide global distribution footprint and seven distinct and scalable investment capabilities.
“We see the coming financial year as one where we reinforce this momentum, consolidating our position as an independent pure play asset manager. Our stable and experienced team is ready to enter the next financial year positioned firmly on the front foot.”
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