Bringing you live news and features since 2006 

upwards trending arrow

Brooks Macdonald FuM up 5.2% in Q3


Brooks Macdonald’s discretionary funds under management totalled GBP GBP5.37 billion at the end of Esptember 2013, an increase of 5.2% on Q2’s total of GBP5.1 billion.

As a comparison the APCIMS Balanced index grew by 1.93% over the quarter.
This represents all discretionary funds across the Group (Asset Management, Funds and International). The growth was through a combination of performance (GBP102m) and net new business (GBP170m) over the quarter.
As at 30 September 2013 advisory funds under management (managed by Brooks Macdonald International) totalled GBP354 million, an increase of 1.7% (30 June 2013: GBP348 million).
The Group’s property management business Braemar Estates had property assets under administration of GBP1.071 billion, an increase of 2.9% (30 June 2013: GBP1.040 billion).
The Group launched its new investment management administration service in April 2012, having successfully become an Application Service Provider ('ASP').  Following this launch third party assets under administration are now in excess of GBP140million (30 June 2013: >GBP120million).
Chris Macdonald, Chief Executive of Brooks Macdonald, says: “The Group has made a good start to the year reporting solid growth in funds under management across the Group. Total discretionary funds under management rose 5.2%, driven by a combination of performance gains and organic growth.
“We are particularly pleased to report that Brooks Macdonald International achieved strong growth in discretionary funds under management in the quarter, in line with our expectation that it would start to grow this year following its integration. We are confident that its growth will continue over the course of the year driven by its bespoke portfolio service, advisory services and retirement advice business and later this year through the launch of an offshore managed portfolio service.  
“We remain confident in our ability to grow funds under management and, remain optimistic about the opportunities for the Group”.

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by