Rathbone Brothers reported a 22.2% increase in its total funds under management (FUM) for the first quarter of 2017, as FUM in the investment management arm grew 20.3%, while the unit trust business saw a 10% increase.
In Q1 results, the firm said meant total funds under management for the group rose to £35.8bn, up 4.7% on the previous quarter and up 22.2% on the first quarter of 2016. Investment management business closed at £31.1bn FUM while unit trust FUM was up to £4.3bn. The investment management arm saw net organic growth of £248m and acquired inflows of £70m, while the unit trust division saw net inflows of £109m. Rathbones launches income and growth fund for charities Mark Nicholls, chairman of Rathbones, said: "Strong investment markets and continuing growth helped our funds under m...
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