Today news
About the same in other media
Market gains offset Brooks Macdonald's £300m quarterly outflows as FUM ticks up
Reading now: 975
investmentweek.co.ukIn a trading update today (17 April), the asset manager said its FUM rose by 2% to £17.9bn in the quarter, as it benefited from market gains worth £642m. Gross inflows during the period were £533m, but gross outflows reached £828m, leading to an overall £294m net outflow. The Bespoke Portfolio Service business took the biggest hit with £205m net outflows, which the firm attributed to clients withdrawing funds to repay debt or hold higher cash balances in the current interest rate environment. Brooks Macdonald and IG Group scale back staff to cut costs Brooks Macdonald's UK inv...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Share market in April: M&M, Axis Bank among top 5 gainers as Nifty gains 1%; HCL Tech, Kotak Bank among top 5 losers livemint.com /6 months ago
India VIX: Market volatility may rise ahead of election results, gains capped over priced-in stability; here's why livemint.com /6 months ago
Worried about a stock-market correction? Here’s how to lock in recent gains livemint.com /6 months 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.
