Brooks Macdonald has reported a 2.2% increase in its funds under management for the first quarter of its financial year, driven by its UKIM discretionary business.
The firm's funds under management hit £16.8bn for the three months to the end of September 2021, according to its latest trading update, with positive net flows of £0.2bn into UKIM discretionary. Within that, the bespoke portfolio service and managed portfolio service were particularly popular, both recording positive net inflows. Inflows into the latter were driven by the group's business to business offering, BM Investment Solutions. Brooks Macdonald bolsters regional offering with two hires Meanwhile, the group's Defensive Capital fund continued to be affected by outflows, as di...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
