AJ Bell profits rocket 29% in record performance
AJ Bell Investments grew AUM by 45%
AJ Bell Investments grew AUM by 45%
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Assets under management leapt $58bn over the period
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Group publishes its half-year results to 31 March 2024
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Assets under management stand at £17.6bn
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Second quarter sees net outflows of £1.7bn while AUM grows 1.3%
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AUM grew from £53bn to £59.1bn due to inflows and market performance
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Ends the year with £39.1bn assets under management
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Customer numbers increased by 50,880 to 476,532
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Operating profit fell to £113.5m from £234.8m
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Shining a spotlight on a sector cloaked in mystique following the fall of Abrdn Gars, do targeted absolute return funds still have the power to attract investors?
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Luke Ellis to step down as Man Group CEO in September
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Assets under management fell by 10%
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