Old Mutual posts rise in FuM in first quarter

Old Mutual saw its funds under management (FuM) grow in the first quarter on the back of strong net client cash flows and positive market movements.

Old Mutual saw its funds under management (FuM) grow in the first quarter on the back of strong net client cash flows and positive market movements.

FuM rose 7.0% to £288.4bn, driven by net client cash flow of £3.9bn and a 14% increase in gross sales in the life and savings business.

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