Peel Hunt labels Brooks Macdonald a 'buy' despite MPS outflows

The analyst said said the MPS outflows were "as expected" given the challenging backdrop, adding that "there is clear upside, which will be further enhanced by a return to positive flow momentum which we expect overall in FY21." "Despite the operational progress over the last year, Brooks' share price has been held back by weaker flows and general market sentiment," the note said. In its quarterly update, Brooks Macdonald Group reported a 3.9% increase in funds under management (FUM) within the international arm of its business over the last financial quarter, as the business progress...