14th Jul 2022 11:27
Brooks Macdonald Group PLC - London-based investment manager - Says funds under management at June 30, its financial year-end, drop 5.9% to GBP15.7 billion from GBP16.7 billion at the end of March. Records GBP800 million in positive net flows for the year, an upswing of GBP1.1 billion from net flows the year prior. However, this was offset by the market downturn, leading to the drop in FuM. Results for the year will be released on September 15.
"I am delighted to report our fifth consecutive quarter of positive net flows, bringing our net flows rate up to 6.7% on an annualised basis. This demonstrates sustained momentum and the robustness of our business model," says Chief Executive Officer Andrew Shepherd.
Current stock price: 2,050.00 pence, down 5.1% on Thursday
12-month change: down 11%
By Elizabeth Winter; [email protected]
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