Rathbone unit trusts suffer £230m net outflow in '09

clock •

Rathbone Unit Trust Management suffered a £230m net outflow in 2009, taking its total funds under management down to £940m at 31 December.

Andy Pomfret, Rathbone Brothers chief executive, attributed the decline to a period of poor performance for the group. He says the retail business continued to experience net outflows, primarily in the first half of 2009. Carl Stick's Rathbone Income fund reduced in size from £544m to £503m over the twelve months, despite the vehicle climbing 23.5% over the period. "Towards the end of 2009 we have seen some signs of improvement, although it will take a while to rebuild momentum," Pomfret says. "Mike Webb joined us in February 2010 and will be taking over as chief executive of Rathb...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

By late 2027

Patrick Brusnahan
clock 28 October 2026 • 1 min read
Investment tax relief rises by smallest amount in four years amid recent Budget measures

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Bowmore Financial Planning research

Jack Roach
clock 28 October 2026 • 2 min read
Defaqto to launch rating for newer funds and portfolios

Defaqto to launch rating for newer funds and portfolios

Combines Defaqto and RSMR expertise

Jen Frost
clock 27 October 2026 • 2 min read