Funds Under Management

Funds under management (FUM) at UK fund groups rose by 17% to a record £4.8trn in 2010 but the value of retail funds has fallen back in 2011, according to a report from TheCityUK.

Rathbone Unit Trust Management has continued to suffer redemptions from investors over the first half of the year, with the group posting a £41m net outflow.

Bonds were the best selling asset class in March, a month in which UK domiciled funds topped £500bn in assets under management for the first time, according to IMA figures.

Walker Crips Asset Managers (WCAM) has broken through the £500m assets under management barrier for the first time in its history.