Brooks Macdonald Group PLC Quarterly Announcement of Funds under Management (3147M)
27 April 2018 - 4:00PM
UK Regulatory
TIDMBRK
RNS Number : 3147M
Brooks Macdonald Group PLC
27 April 2018
27 April 2018
BROOKS MACDONALD GROUP PLC
Quarterly Announcement of Funds under Management
Brooks Macdonald Group plc (the "Group"), the AIM listed
investment management group, today publishes its quarterly update
on its Discretionary Funds Under Management for the third quarter
ended 31 March 2018.
As at 31 March 2018, discretionary FUM totalled GBP11.66
billion, a decrease of 0.7% over the quarter (31 December 2017:
GBP11.74 billion). As a comparison the MSCI WMA Private Investor
Balanced Index decreased by 4.5%. At 31 March 2017, discretionary
FUM totalled GBP9.93 billion, so year-on-year FUM grew by
18.2%.
The quarterly result was driven by net new business (+GBP343m),
which was offset by investment performance (-GBP422m) over the
period.
Analysis of discretionary fund flows over the quarter
Quarter to 31 March
2018
---------------------------
GBPm UK IM BMI TOTAL
------------------ -------- --------
Opening FUM 10,070 1,668 11,738
------------------ -------- ------- --------
Net new business 326 17 343
------------------ -------- ------- --------
Performance (359) (63) (422)
------------------ -------- ------- --------
Closing FUM 10,038 1,621 11,659
------------------ -------- ------- --------
Organic growth 3.2% 1.0% 2.9%
------------------ -------- ------- --------
Total growth (0.3)% (2.8)% (0.7)%
-------- ------- --------
Caroline Connellan, Chief Executive of Brooks Macdonald
commented:
"I am pleased to report that we have maintained good momentum in
our business over the quarter, continuing the trend seen in the
first half of our financial year, despite more challenging market
conditions. The strength of our client and adviser relationships
has continued to deliver robust organic growth with client
sentiment remaining broadly positive.
"Weaker markets have resulted in total FUM declining slightly
over the quarter. However, our investment performance has continued
to be strong, demonstrating the value of good active management in
difficult markets."
Enquiries to:
Brooks Macdonald Group plc www.brooksmacdonald.com
Caroline Connellan, Chief Executive Officer 020 7499 6424
Peel Hunt LLP (Nominated Adviser and Broker)
Guy Wiehahn / Adrian Haxby 020 7418 8900
MHP Communications
Reg Hoare / Simon Hockridge / Charlie Barker 020 3128 8540
Notes to editors
Brooks Macdonald Group plc, through its various subsidiaries,
provides leading investment management services in the UK and
internationally. The Group, which was founded in 1991 and began
trading on AIM in 2005, had discretionary funds under management
(FUM) of GBP11.7bn as at 31 March 2018.
Brooks Macdonald offers a range of investment management
services to private high net worth individuals, pension funds,
institutions, charities and trusts. The Group also provides
financial planning as well as offshore investment management and
acts as fund manager to regulated OEICs providing specialist funds
in the property and structured return sectors.
The Group has twelve offices across the UK and the Channel
Islands including London, Hampshire, Leamington Spa, Manchester,
Taunton, Tunbridge Wells, York, Scotland, Wales, Jersey, and
Guernsey.
LEI: 213800WRDF8LB8MIEX37
This information is provided by RNS
The company news service from the London Stock Exchange
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