Brewin Dolphin's 2Q funds drop £7.1bn as covid-19 bites

Brewin Dolphin's 2Q funds drop £7.1bn as covid-19 bites

UK wealth manager Brewin Dolphin has said it has seen £7.1bn wiped off its total funds under management in the second quarter of its financial year. The London-based wealth manager recorded positive net flows of £0.4bn over three months to 31 March 2020, but still recorded a loss of 14.6% on total funds under management (FUM) as investment performance took a £7.5bn hit to bring total FUM to £41.4bn. However, over the past six months the firm has only recorded positive net flows of £0....

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