Rathbone Brothers' inflows slow despite higher flows into unit trust arm

Units trusts' by 29% AUM up

Rathbone Brothers saw overall investment management inflows slow in 2016, despite increased sales and funds under management in its unit trust arm, with AUM hitting £4bn in the division.

The company's investment management arm saw net organic growth of £800m, up from £700m in 2015, and acquired inflows of £400m for the year ended 31 December 2016, down from £700m the previous year. This led to an underlying rate of net organic growth of 2.9% for the year compared to 3% in 2015, which chief executive Philip Howell fell short of its strategic objective of 5%. Total net annual growth in funds under management was up by 4.5%, but this was lower than the 5.7% reported the previous year. As a whole, Rathbones Brothers saw its fund under management increase by 17.1% to hi...