Brooks Macdonald outflows slow as FUM increased in Q4
Net outflows fall to £100m; FUM up by 12%
Brooks Macdonald CEO Caroline Connellan
Brooks Macdonald stemmed net outflows to £64m in its fourth quarter to 30 June, as the investment manager confirmed it was on track to meet its full-year expectations.
Brooks said funds under management (FUM) rose 12% to £13.7bn, up from £12.2bn at end March, due to strong investment performance and higher gross inflows, leading to reduced net outflows. The firm added...
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