May 10, 2018 / 6:14 AM / 6 months ago

BRIEF-Rathbone Brothers Plc's total funds under management down 3.3 pct in Q1

May 10 (Reuters) - Rathbone Brothers PLC:

* REG-RATHBONE BROTHERS PLC : 1ST QUARTER RESULTS

* TOTAL FUNDS UNDER MANAGEMENT FELL 3.3% TO £37.8 BN IN Q1, COMPARED WITH DECREASES IN FTSE 100 INDEX AND MSCI WMA PRIVATE INVESTOR BALANCED INDEX OF 6.4% AND 3.8% RESPECTIVELY

* UNDERLYING NET OPERATING INCOME WAS £75.4 MILLION DURING QUARTER, UP 6.8% FROM £70.6 MILLION FROM SAME PERIOD LAST YEAR

* NET OPERATING INCOME OF £66.6 MILLION IN INVESTMENT MANAGEMENT FOR Q1 OF 2018 WAS 5.2% HIGHER THAN £63.3 MILLION FOR COMPARABLE PERIOD IN 2017

* TOTAL NET ORGANIC AND ACQUIRED GROWTH IN INVESTMENT MANAGEMENT WAS £199 MLN IN Q1 VS £318 IN 2017, REPRESENTING A TOTAL ANNUALISED GROWTH RATE OF 2.4% VS 4.2% IN 2017 AND REFLECTING SOME MARGINALLY HIGHER OUTFLOWS.

* UNIT TRUSTS SAW NET INFLOWS OF £142 MLN DURING THE QUARTER VS £109 MLN IN 2017. THESE WERE OFFSET BY MARKET PERFORMANCE RESULTING IN FUNDS UNDER MANAGEMENT REMAINING STABLE AT £5.3 BLN Source text for Eikon: Further company coverage: (Reporting by Clara Denina)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below