Prudential reports Q1 global investment management business AUM up 3%

The company states: “PGIM assets under management of $1.385 trillion were up 3% from the year-ago quarter driven by fixed income and equity market appreciation, net inflows, and strong investment performance. Total net flows in the quarter of $4.3 billion reflect $4.4 billion of third-party net inflows, partially offset by affiliated net outflows of $0.1 billion. Third-party institutional inflows of $4.6 billion were positive across fixed income, private alternatives, and equity. Third-party retail outflows were $0.2 billion as equity outflows were mostly offset by fixed income inflows.”