Rathbones Investment Management saw £400m net inflows in 2023, a decline from the near £900m the firm gathered the previous year.
According to Rathbones Group's preliminary annual results, Rathbones Investment Management's bespoke portfolios enjoyed net inflows of £300m in 2023, while its portfolios managed via in-house funds gained £100m. This was down compared to 2022, when its bespoke portfolios took in £800m and in-house strategies saw £100m net inflows. However, these inflows offset the £600m net outflows in the firm's single-strategy funds. Overall, the firm's total funds under management was buoyed £40.8bn by its merger with Investec Wealth and Investment UK in September 2023, pushing its total group FUMA...
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