Rathbones sees fund inflows double over 2013

Net inflows into Rathbone Unit Trust Management’s funds more than doubled over the opening six months of 2013, the group’s financial results show.

Between the start of the year and 30 June, the asset manager saw £67m flow into its funds – up 109 per cent on the £32m recorded for the same period of 2012. RUTM has witnessed 11 straight quarters of net flows.

Funds under management in its unit trusts advanced from £1.27bn at the start of the year to £1.44bn at the end of June.

Overall, Rathbone Brothers saw its total funds under management rise 10.6 per cent in the six-month period, moving from £18bn to £19,9bn. Profit before tax grew by 17.2 per cent to £23.2m.

Discretionary arm Rathbone Investment Management saw total net organic and acquired growth in FUM of £780m in the first six months of 2013.

Rathbone Brothers chief executive Andy Pomfret says: “Rathbones’ outlook remains positive.

“Our continued focus on client service and controlled investment in people and systems ensures that Rathbones is well placed to take advantage of healthier investment markets and future growth opportunities.”