River & Mercantile's total assets under management (AUM) grew by 2.7% to £33.8bn in the three months to 30 June despite the quarter seeing increased market volatility.
The group's latest trading update shows assets under management grew by 2.7% during the fourth quarter, seeing net inflows of £600m. This was driven by £1.1bn in sales, including £400m of new structured equity derivatives, and by £300m in performance-related gains. River & Mercantile reveals 3-5 year growth plans including product launches However, it was tempered by £500m of redemptions in the period, including £100m within maturing structured equity derivatives. Commenting on the update, River & Mercantile chief executive Mike Faulkner noted "solid growth" had been achieved d...
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