Brooks Macdonald FUM declines in first quarter of 2022

Down 3.9% compared to December 2021

clock • 1 min read

Funds under management (FUM) at Brooks Macdonald declined 3.9% in the third quarter to 31 March 2022, closing the period at £16.7bn, down from £17.3bn at 31 December 2021.

According to the firm, this was due to the exacerbation of pre-existing macroeconomic difficulties by war in Ukraine. Positive net flows continued over the quarter at the group, however, ending the period at £0.2bn, in line with annualised net flows of 4.1%. FUM within its bespoke portfolio service (BPS) declined from £9.8m at January 1 2022, to £9.3m at March 31 2022. Managed portfolio assets increased from £2.8m to £2.9m. Funds across its DCF, UKIM, and International fund services declined over the quarter. "This has been a solid quarter for Brooks Macdonald, despite the volat...

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

Neil Woodford makes YouTube and Instagram appearance with investment channel

Neil Woodford makes YouTube and Instagram appearance with investment channel

Woodford Views is being pushed out across social media

Eve Maddock-Jones
clock 11 November 2024 • 2 min read
Global investors doubt Labour's Budget will make UK markets more attractive

Global investors doubt Labour's Budget will make UK markets more attractive

Government-led investment track record 'is not great around the world'

Sorin-Andrei Dojan
clock 11 November 2024 • 4 min read
Investors bet on slower pace of rate cuts from Bank of England

Investors bet on slower pace of rate cuts from Bank of England

25 basis points cut confirmed on Thursday

Sorin-Andrei Dojan
clock 08 November 2024 • 3 min read