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Brooks Macdonald suffers £130m outflow as Budget uncertainty hits investor confidence
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In a trading update today (16 October) for the quarter ending 30 September, the asset manager said gross inflows into the business were down 6% over the period, while gross outflows fell by 5.1%. Net outflows were offset by positive investment performance of £228m in the quarter, resulting in a rise in closing funds under management to £17.9bn, up from £17.8bn in the three months to 30 June. Brooks Macdonald appoints CFO as its sells international wing to Canaccord Genuity Wealth The firm's MPS Platform, including its B2B offering for financial advisers BM Investment Solutions, s...
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Read more on investmentweek.co.ukAbout this in other media
Moment of reckoning for TD fails to lift cloud of uncertainty, analysts say financialpost.com /1 day ago
Premier Miton's positive summer flows reverse as Autumn Budget jitters drive £133m outflow investmentweek.co.uk /1 day ago
Deep Dive: Investors pin hopes of UK outflows reversal on brighter growth and policy reforms investmentweek.co.uk /1 day ago
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