Investec Asset Management announced today that assets under management for its 21st year had risen to a record R755 billion (£61.5 billion), supported by net annual inflows of R61 billion (£5.2 billion) as it reported results for the financial year to 31 March 2012. Earnings increased by 5% to a record R1.58 billion (£133.7 million). Flows were generated across all seven client groups worldwide, and across its balanced range of seven distinct investment capabilities. Over the past three years, the Firm has seen net inflows average in excess of R65 billion (£5 billion) per annum.

Chief Executive Officer Hendrik du Toit said, 

“We enter our third decade with confidence. Our focus remains unchanged: to manage our clients’ investments to the highest standards possible, to ensure appropriate alignment with the interests of our clients, to remain open to sensible innovation, and to generate investment insights to support our delivery to clients.

“The combination of our emerging market roots and our global footprint positions us well for the future. We have a strong culture, a broad range of investment capabilities and a stable and experienced leadership team. This has helped us navigate through these volatile times whilst maintaining our long-term focus.”

www.investecassetmanagement.com

ENDS

Notes to Editors

Investec Asset Management is an independently managed subsidiary of Investec Group.
Investec Asset Management is a specialist investment manager, providing a premier range of products to institutional and individual investors. Established in 1991, the firm has been built from start-up into an international business managing approximately US $99.4bn* on behalf of third party clients. The business has grown largely organically from domestic roots in Southern Africa to a position where we proudly serve a growing international client base from the Americas, the UK and Continental Europe, Asia, the Middle East, Australia and Africa. We employ over 135 investment professionals. The firm seeks to create a profitable partnership between clients, shareholders and employees, and to exceed expectations for both client service and performance.
*As at end February 2012

For further information, please contact:

Kotie Basson                            +27 21 416 1812 / 082 375 1317
Investec Asset Management