Brooks Macdonald's international arm sees 'sharp reduction in net outflows'

Brooks Macdonald's international business saw a sharp reduction in net outflows during the three months to 30 September 2021, with a "return to positive net flows expected from Q2". In its latest funds update today (14 October) for Q1 of its financial year, total Group funds under management (FUM) at the end of September reached £16.8bn (30 June 2021: £16.5bn), an overall increase of 2.2% in the quarter. This reflected continued positive net flows, in line with the guidance given at the annual results in September, and strong investment performance, Brooks Macdonald said. The Gro...