Rathbones maintains positive flows in H1 as profits decline

Profits drop to £50m

clock • 2 min read
Flows down at £600m, compared to £1bn last year.
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Flows down at £600m, compared to £1bn last year.

Rathbones is the latest manager to report profits had declined in the first half of the 2022 financial year, though it managed to maintain inflows amid a volatile market environment.

Profits at London manager dropped to £50m, down from £62.9m in June last year, as market volatility hit investor sentiment. Funds under management closed the period at £58.9bn, down from £59.2bn...

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