Brooks Macdonald suffers £600m net outflows amid 'challenging' economic backdrop

FUM grows by 7%

Sorin Dojan
clock • 2 min read

Brooks Macdonald has recorded net outflows of £600m against a backdrop of "challenging market conditions".

According to its annual report for 2024 published today (12 September), the firm noted market volatility and higher interest rates among the challenges faced over the year to 30 June 2024, which pushed clients to withdraw funds to repay debt or to hold higher cash balances. Andrew Shepherd, outgoing CEO of Brooks Macdonald, noted that net outflows came largely from the firm's bespoke and funds products, while their model portfolio service raked in £388m, "reflecting the trend for MPS as a solution of choice for accumulation". Nevertheless, the firm cashed in £1.8bn in investment perfo...

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

Meta and Microsoft report booming revenues as AI drives earnings

Meta and Microsoft report booming revenues as AI drives earnings

Share prices surge

Linus Uhlig
clock 01 May 2025 • 2 min read
Equity redemptions drag down Aberdeen AUMA but still 'signs of hope'

Equity redemptions drag down Aberdeen AUMA but still 'signs of hope'

Q1 2025 AUMA and flows trading update

Jen Frost
clock 30 April 2025 • 3 min read
Ocado's share price jumps over 2% amid launch of bond buyback scheme

Ocado's share price jumps over 2% amid launch of bond buyback scheme

Shares down 5.1% since beginning of 2025

Sorin Dojan
clock 29 April 2025 • 1 min read
Trustpilot