13th Jan 2022 14:33
Brooks Macdonald Group PLC - London-based investment manager - Funds under management for second quarter ended December 31 are GBP17.3 billion, up 3.1% from GBP16.8 billion on September 30 and 5.3% higher than GBP16.5 billion on June 30. Notes gains reflect increasingly positive net flows, in line with prior guidance, and positive investment performance. Net flows were up 55% compared to the prior quarter. Underlying profit and underlying profit margin are running ahead of the same period last year and in line with expectations, company says.
"This has been a strong half for Brooks Macdonald, reflective of the momentum we see across the group," says Chief Executive Andrew Shepherd. "We have a growing pipeline of new business, our highly talented people are continuing to work hard to improve and develop our service to clients and intermediaries, and we are in a strong position to take advantage of the great opportunities ahead for Brooks Macdonald."
Half year results will be published on March 10.
Current stock price: 2,662.20 pence
12-month change: up 42%
By Will Paige; [email protected]
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