M&G inflows down sharply but profits rise

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UK - M&G, the asset management arm of insurer Prudential, saw profits rise 39% in the first half of 2011 despite a sharp decline in inflows.

The group reported profits had jumped 39% to £199m, from £143m the previous year. However, net inflows at M&G fell 37% to £2.9bn, down from £4.7bn. Overall inflows across Prudential and M&G w...

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