Q4 updates from across the industry: Brooks Macdonald FUM rise offset by regulatory increases

Round-up of investment manager trading updates

Brooks Macdonald's funds under management (FUM) grew to £11.7bn in the final quarter of 2017, up 6.8% from £11bn at the end of Q3, as a result of positive portfolio performance and net new inflows.

In an update, the group said performance added £319m to the firm's FUM over the quarter while net new business was reported at £431m. Furthermore, the firm's FUM rose 12.3% over the six months to the end of 2017 to £11.7bn from £10.5bn, as of 30 June 2017, with net organic growth increasing 7.7%. However, the firm said the rise in FUM had been offset by lower yields, which were due to the move to an 'all-in-fee' model and the implementation of regulation such as MiFID II. MiFID II, which came into effect on 3 January, is aiming to increase transparency in the European market throug...