Rathbone unit trust arm bucks trend as inflows continue

Rathbone Unit Trust Management saw its eighth consecutive quarter of net inflows in Q3 as funds under management continued to grow.

FUM rose from £1.15bn to £1.23bn in Rathbones' unit trust business over the three months to 30 September, aided by £64m worth of market movements and £18m of net inflows. The division's funds under management have now risen by 13.9% in the first nine months of the year, with £50m in net inflows over that period. In the wider business, total funds under management rose 9.5% over the first nine months of the year to £17.4bn. The investment management business saw a fall in the underlying annualised rate of net organic growth, however, which was down to 2.8% for the nine months to 30 ...