M&G on Wednesday reported continued momentum in its third quarter, attracting 1.5 billion British Pounds in net inflows from external clients into its asset management division.
The inflows bring the year-to-date total for the unit to 4.1 billion British Pounds, the savings and investment firm said in a trading update.
The company's key PruFund savings product also returned to growth, recording net inflows of 200 million British Pounds.
This marks a turnaround from the first half of the year, when the PruFund franchise saw net outflows of 600 million British Pounds.
Total group assets under management and administration rose 3% during the quarter to 365 billion British Pounds as of Sept. 30, according to the company.
"After a strong first half, we have maintained positive momentum, continuing to deliver against our growth priorities," Group Chief Executive Officer Andrea Rossi said.
"Our Asset Management performance was particularly pleasing as we delivered £1.5 billion of net inflows from external clients, with good client demand across asset classes and geographies."
M&G said both its institutional and wholesale asset management businesses saw positive net inflows during the quarter.
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M&G on Wednesday reported a significant turnaround in client money, attracting net inflows of 2.1 billion British Pounds in the first half of the year, driven by strong demand from international clients.