Old Mutual looking to emerging markets

South African financial conglomerate Old Mutual said it saw positive net client cash flows throughout the group in the first quarter, while sales continued to be strong in emerging markets.

South African financial conglomerate Old Mutual said it saw positive net client cash flows throughout the group in the first quarter, while sales continued to be strong in emerging markets.

Net client cash flow from core operations in the first quarter of 2012 was positive at £3.7bn, having been negative to the tune of £2.8bn in the corresponding period of 2011.

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