M&G PLC (OTCPK:MGPUF)

$ 2.644 0.164 (6.61%) Market Cap: 5.99 Bil Enterprise Value: 9.98 Bil PE Ratio: 30.39 PB Ratio: 1.32 GF Score: 41/100

Half Year 2021 M&G PLC Earnings Call Transcript

Aug 10, 2021 / 09:30AM GMT

Release Date Price: $3.23 (-1.98%)

Transcript

Operator

Good morning, everyone, and welcome to the M&G plc Half Year 2021 Results Q&A. I will now hand over to Luca Gagliardi to begin.

Luca Gagliardi;Equity

M&G plc - Head of IR â

Good morning, and welcome. I'm here today with John Foley, our Chief Executive; and Clare Bousfield, our Chief Financial Officer. John will be giving a short introduction, and then we'll be happy to take your questions. Over to you, John.

John William Foley

M&G plc - CEO & Executive Director

Thanks, Luca. Good morning, everybody. Thanks for joining the call.

Today's results, I think, show very good progress on our actions to reposition the business for sustainable growth, while we continue to generate strong capital.

Institutional assets under management reached a record GBP 89.7 billion, following net client inflows of GBP 2.2 billion, mostly from Europe, and we're very happy about that.

In Retail Asset Management, net client outflows more than halved as investment performance

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