‘Resilient’ Rathbones boosts FuM in 2015

‘Resilient’ Rathbones boosts FuM in 2015

Net inflows of £371m saw Rathbone Unit Trust Management boost its funds under management by 24 per cent in 2015, according to the company’s results.

In its full year results, Rathbone Brothers noted that while investment markets had started 2015 in a buoyant mood, they “subsequently proved exceptionally challenging for our investment managers to navigate”.

Its unit trust business, however, proved its “resilience” by achieving the net inflows and bringing funds under management to £3.1bn as of 31 December 2015, according to the update.

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Rathbones Brothers chief executive Philip Howell said: “Our unit trust business continues to demonstrate strong performance and, in contrast to many of its peers, achieved 24 per cent growth to a new high in funds under management of £3.1 billion whilst also demonstrating its intrinsic operational leverage.

“Rathbone Unit Trust Management continues to play an integral role in our overall investment strategy.”

He added that Rathbone Brothers continues to be “alert to acquisition opportunities”.

Rathbone Brothers achieved a profit after tax of £46.4m in 2015, compared to £35.7m in the previous year.