Rathbone's unit trust inflows double in Q3

Round-up of asset manager trading updates

Rathbone's unit trust division saw inflows double to record levels in the third quarter, leading assets under management (AUM) to reach £5bn.

For the three months to the end of September, the group saw record inflows of £342m, up from £170m a year ago, while AUM climbed 8.7% from £4.6bn to £5bn. Overall, the wider group's AUM also increased to £37.5bn, up 2.5%, while underlying net operating income was £70.5m, an increase of 7% on last year. Philip Howell, chief executive of Rathbone Brothers, said: "We continue to progress our strategic initiatives and invest in our core infrastructure to support client service and meet the demands of forthcoming regulation. We are well positioned for the future and will continue to pursue...