Investments  

Brooks nears £7bn of assets as inflows improve

Brooks nears £7bn of assets as inflows improve

The growth in Brooks Macdonald’s assets improved in the final quarter of the year in spite of volatile markets.

The discretionary manager saw its funds under management grow by 4.1 per cent in the final three months of 2014, hitting £6.95bn in total.

The growth in assets was an improvement on the 2 per cent growth seen in the second quarter and was split evenly between inflows and investment performance.

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The firm’s funds under management grew by £400m in the final six months of 2014, lower than the organic growth of more than £500m in the first six months.

Brooks Macdonald’s chief executive Chris Macdonald, said the final six months of the year represented a “solid” performance, “despite volatile markets and continued industry change”.