Brooks Macdonald has reported its fifth consecutive quarter of positive net flows, but market volatility has brought its funds under management (FUM) down by £1bn.
The group saw inflows of £300m in the quarter, for an annualised rate of 6.7%. Global market declines offset this, causing the firm's closing FUM to fall 5.9% to £15.7bn, down from £16.7bn in the previous quarter. UKIM discretionary generated net inflows of £300m during the quarter, or 10.8% annualised net flows, while platform MPS and BMIS saw combined annualised net flows of 45.6%. However, the firm's funds and international arms suffered outflows of £106m and £25m respectively. Brooks Macdonald FUM declines in third quarter Investment performance for the quarter resulted in a ...
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