M&G reports first quarter net inflows of 600 million pounds
British insurer M&G recorded net inflows of 600 million pounds in the first quarter. Demand from partner Daiichi Life helped the firm return to growth.
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M&G PLC recorded £600M ($815.64M) in first-quarter net inflows, reversing a £100M outflow from the previous year. The United Kingdom-based money manager benefited as demand from Japanese partner Dai-Ichi Life Holdings Inc and external clients drove asset management growth. Rising geopolitical tensions have pressured competitors, making M&G's inflows a notable divergence in a volatile quarter.
