Investec Asset Management has become Ninety One Limited. Investec Asset Management was established in South Africa in 1991 and has now de-merged from Investec Group on 16 March 2020 to become Ninety One.
Ninety One have stated the following:
"We started in South Africa, in '91, as Investec Asset Management, with a belief that we could do things differently. Back then, change was coming and along with its challenges came the chance to invest in a better future.
"Today, we continue to bring a different perspective on investing. Whether it's the rise of the East or the rise of the machines, we aim to make the best of it. Best for our clients, best for our company, and best for the world in which we live.
"Ninety One has always been a purposeful business. We began with the aim of making a positive difference to both our clients and the country in which we started and since '91 have expanded our scope and ambition globally.
"'Better firm. Better investing. Better world.' is how we articulate our purpose. It guides our strategic decision making, culture and our daily endeavours."
From 23 April 2020, the name of Investec's funds will be changing to Ninety One, however the investment process remains unchanged for all funds.
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- uploaded - 13 May 2020