Today news
About the same in other media
Brooks Macdonald suffers £600m net outflows amid 'challenging' economic backdrop
Reading now: 860
According to its annual report for 2024 published today (12 September), the firm noted market volatility and higher interest rates among the challenges faced over the year to 30 June 2024, which pushed clients to withdraw funds to repay debt or to hold higher cash balances. Andrew Shepherd, outgoing CEO of Brooks Macdonald, noted that net outflows came largely from the firm's bespoke and funds products, while their model portfolio service raked in £388m, «reflecting the trend for MPS as a solution of choice for accumulation». Nevertheless, the firm cashed in £1.8bn in investment perfo...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
FPIs bought Indian equities worth Rs 27,856 crore in September. 2024 net purchases jump to Rs 70,737 crore economictimes.indiatimes.com /4 days ago
US Spot Bitcoin ETFs Witness $44M Outflows, Breaking Two-Day Positive Flow Trend cryptonews.com /6 days ago
Brooks Macdonald appoints CFO as its sells international wing to Canaccord Genuity Wealth investmentweek.co.uk /6 days ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
