M&G Investments France reaches €7bn record AUM
UK asset manager M&G Investments has announced its assets under management in France have passed €7bn, reaching a new record in this country where the firm has been implanted since 2007.
M&G Investments France has recorded €150m inflows since the beginning of the year.
In detail, CGPi and private banks account for 40% of the AUM while the remaining 60% come from institutional investors and funds of funds.
The French office of M&G Investments, managed by Brice Anger, since January has also been responsible for funds being sold into Belgium and Luxembourg.
At the end of 2014, M&G Investments managed €340.2bn globally.