Brooks Macdonald Group PLC Quarterly Announcement of Funds under Management (9970M)
20 October 2016 - 5:00PM
UK Regulatory
TIDMBRK
RNS Number : 9970M
Brooks Macdonald Group PLC
20 October 2016
20 October 2016
BROOKS MACDONALD GROUP PLC
Quarterly Announcement of Funds under Management
Brooks Macdonald Group plc (the "Group"), a leading UK
investment management group, today announces an update on its funds
under management for its first quarter ended 30 September 2016.
Funds under Management
Discretionary
As at 30 September discretionary funds under management totalled
GBP GBP8.922 billion, an increase of 7.5% in the quarter (30 June
2016: GBP8.301 billion). As a comparison the WMA balanced index
increased by 5.2% over the quarter.
This represents all the discretionary funds managed by the Group
(Asset Management, Funds and International) and this growth was a
combination of performance (GBP451m) and net new business
(GBP170m).
Analysis of discretionary fund flows over the quarter
GBPm
------------------------ -------
Opening discretionary
FUM (Jun 16) 8,301
------------------------ -------
Net new discretionary
business 170
------------------------ -------
Acquisitions 0
------------------------ -------
Investment growth 451
------------------------ -------
Total FUM growth 621
------------------------ -------
Closing FUM (September
2016) 8,922
------------------------ -------
Organic growth (net
of markets) 2.0%
------------------------ -------
Total growth 7.5%
------------------------ -------
The Group will announce its property assets and third party
assets under administration half yearly going forward.
Chris Macdonald, Chief Executive of Brooks Macdonald,
commented:
"Following on from our annual results announcement last month,
we have continued to make good progress in the first quarter of our
new financial year, with further organic growth in discretionary
funds under management. This has been achieved in spite of a period
of weak client sentiment immediately post the EU referendum."
"Notwithstanding potential market volatility, we look forward
with confidence as we continue to leverage the growing strength of
our brand, investment offering and professional intermediary
relationships."
The Group has also today separately announced a Directorate
change.
Enquiries to:
Brooks Macdonald Group plc www.brooksmacdonald.com
Chris Macdonald, Chief Executive 020 7499 6424
Simon Jackson, Finance Director
Peel Hunt LLP (Nominated Adviser
and Broker)
Guy Wiehahn / Adrian Haxby 020 7418 8900
MHP Communications
Reg Hoare / Simon Hockridge /
Giles Robinson 020 3128 8100
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 GBP8.30bn as at 30 June 2016.
Through its core divisions, 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 fund
management and administration services and acts as fund manager to
regulated OEICs, providing specialist funds in the property and
structured return sectors and managing property assets on behalf of
these funds and other clients.
The Group has twelve offices across the UK and the Channel
Islands including London, Edinburgh, Guernsey, Hale, Hampshire,
Jersey, Leamington Spa, Manchester, Taunton, Tunbridge Wells and
York.
This information is provided by RNS
The company news service from the London Stock Exchange
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October 20, 2016 02:00 ET (06:00 GMT)