Rathbones maintains positive flows in H1 but profits decline

clock • 2 min read

Rathbones is the latest manager to see falling profits in the first half of the 2022 financial year, though it managed to maintain inflows amid a volatile market environment. Profits at the 280-year-old asset manager dropped to £50m, down from £62.9m in June last year, as market volatility hit investor sentiment. Total funds under management across the group closed the period at £58.9bn, down from £59.2bn in June 2021, with assets in its funds business falling from £11.4bn to £10.9bn.  AJ Bell platform assets drop amid adverse market conditions Funds under management in Rathbone...

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