Rathbones FUMA up 25% in 2021 following net inflows and Saunderson House acquisition

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Rathbones FUMA up 25% in 2021 following net inflows and Saunderson House acquisition

Rathbones Group has seen its funds under management and administration grow close to 25% over the past year, hitting £68.2bn in December 2021. 

The investment management business was up 12% from £44.9bn in December 2020 to £50.3bn at the end of 2021. 

Of this, £4.5bn came from gross inflows, while net organic inflows accounted for £0.8bn. 

Rathbone Funds was up 32.7% from £9.8bn at 31 December 2020, reflecting "very strong net inflows", while Saunderson House funds under management and administration hit £4.9bn following completion of the acquisition in October. 

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Peel Hunt has maintained its 'buy' recommendation for Rathbones Group following the update, saying the firm's "strategy is working".

"In similar comments made in January last year, Rathbones had a strong end to the year and closing AUM was ahead of our expectations at £68.2bn," the research team said. "Flows continue to improve in the discretionary service, highlighting that the strategy followed over the last few years is working. We maintain our buy recommendation"