Brooks Macdonald funds under management grows 3.1% in quarter

£17.3bn at the end of December

Kathleen Gallagher
clock • 1 min read
Andrew Shepherd is CEO of Brooks Macdonald
Image:

Andrew Shepherd is CEO of Brooks Macdonald

Brooks Macdonald has reported its fund under management for the three months till the end of December was up 3.1% compared to the previous quarter, meaning it has a total of £17.3bn FUM.

In the three months, which represent the second quarter of the group's financial calendar, the group said its outflows were declining in funds at £21m. This followed a difficult first quarter where there was £26m of outflows. Meanwhile, net flows for its discretionary business increased by £200m in the three months to end of December. This contributed to overall positive net flows at the group level with annualised net flows of 4.7% for the quarter, up from 3.1% for Q1. Big-name discretionary managers struggling to gain market share among advisers The group said it had "main...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

SIF 2022: How to invest in biodiversity

SIF 2022: How to invest in biodiversity

Biodiversity panel

clock 04 August 2022 • 6 min read
Chris Hutchinson of Unicorn Asset Management

The Big Interview: What I learned after being dropped from Hargreaves Lansdown's Wealth Shortlist

'I’ve no interest in falling out with people'

clock 04 August 2022 • 6 min read
Partner insight: 'Income is going to be harder to find and we're going to have to look harder for it'

Partner insight: 'Income is going to be harder to find and we're going to have to look harder for it'

Multi-asset investors are increasingly looking to alternative investments to provide defensiveness, says Henk-Jan Rikkerink

Fidelity International
clock 03 August 2022 • 1 min read
Trustpilot