Flows into Rathbones Group fell to just £100m in the third quarter of 2023, compared to £400m in the same period last year.
In a trading update published today (19 October), the group said investment performance across the quarter in the firm's discretionary bespoke service fell flat, declining 0.8% compared to an MSCI PIMFA balanced index growth of 0.6%. "Year-to-date group performance remains positive, benefitting in particular from the strong performance in our global opportunities and ethical bond funds," the firm added. The asset manager attributed the flat flows to a "continued trend in elevated outflows that reflect current conditions", noting that gross flows remained strong at £1.2bn throughout th...
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