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Rathbones closes in on £40bn as inflows hit £2.1bn

Rathbones closes in on £40bn as inflows hit £2.1bn

Rathbones' assets under management (AUM) reached £39.1 at the end of the 2017, a rise of 14.3% year-on-year.

The figure was boosted by £2.1 billion net inflows, up from £1.7 billion in 2016, and market movements.

In a brief trading statement announced to the market this morning, the group, led by chief executive Philip Howell (pictured), said AUM in investment management rose 11.9% to £33.8 billion last year with net inflows of £290 million in the fourth quarter and £1.2 billion for the full year.

The underlying annualised rate of net organic growth in AUM in investment management for the fourth quarter was 3.1%, up from 2.9% year-on-year. For 2017 as a whole it was 3% versus 2.9%.

The AUM in the group’s unit trust business hit a record £5.3 billion. Up 32.5% from £4 billion at the end of 2016. The division saw £272 million of net inflows in the final quarter and £883 million over the full year.

Rathbones said that it will post its preliminary full-year results on 22 February.

  

 

 

 

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