Rathbone's fund arm sees fourth quarter of net inflows

Rathbone Unit Trust Management has seen its fourth consecutive quarter of net inflows, but assets under management fell after the market sell-off.

The group said in an update that it had seen net inflows in the three months to end of September, helping to deliver total net inflows of £62m in the last nine months. However, falling markets reduced funds under management from £1.1bn at 30 June to £1bn by 30 September. Rathbone Brothers, the wider group, reported £284m of net new funds in the three months ending 30 September. The net new inflows brought Rathbone's total funds under management to £15.1bn, down 3.2% from $15.6bn at 31 December 2010. "We expect markets to remain nervous for the remainder of 2011 as inflation expe...