Rathbone Brothers saw net inflows of £700m across its investment management and Rathbone Funds divisions in the first three months of 2021, the firm has reported in its latest quarterly update.
The investment management division took in £200m in net flows, up from a flat quarter in the first three months of 2020, while Rathbone Funds attracted £500m in net flows, representing an annualised net organic growth rate of 21.4%. Meanwhile, underlying net operating income for the period was up 26.8% compared to the same period in 2020, hitting £107.3m. Income from Rathbone Funds rose even more sharply, by 41.2% to £13.7m. This was helped by a 40.4% increase in investment management fees compared to the prior year as a result of higher funds under management, improved market conditi...
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