Rathbones maintains positive flows in H1 but profits decline

clock • 2 min read
Rathbones maintains positive flows in H1 but profits decline

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.  ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login