Old Mutual Plc (OML.L) in its Interim Management Statement for the first-quarter ended 31 March 2013, said that Funds under Management or FUM at the quarter end increased by 7% to 288.4 billion pounds from 262.2 billion pounds, as reported, at 31 December 2012 due to positive market movements and net client cash flow of 3.9 billion pounds across the Group, with all core business units contributing positive flows.
Gross Sales were up 14% in the life and savings businesses.
The company said it is confident in its prospects for the full year.
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