Brooks Macdonald funds under management rise 7.5% on positive Q4 flows

On positive Q4 flows

Cristian Angeloni
clock • 2 min read

Brooks Macdonald's funds under management grew by 7.5% to £16.8bn as it reported positive net flows for the fourth quarter of the year.

In its results for the three months to 30 June 2023 released today (13 July), the firm also reported a small increase in flows, with a 0.6% rise of £100m. The company said positive flows were partly offset by the impact of declining markets. The UK investment management discretionary arm delivered net inflows of £200m in Q2, with overall FUM rising by 1.5% over the quarter. Platform MPS and BM Investment Solutions posted the biggest increase with combined annualised net flows of 38%. Brooks Macdonald posts drop in revenues and underlying profit Investment performance in the thre...

To continue reading this article...

Join Investment Week for free

  • 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 Companies

Trustpilot