rathbone utms quarterly net inflows continue

Rathbone UTM’s net fund inflows continue to rise even though the company’s total assets under management have fallen during the year so far.

rathbone utms quarterly  net inflows continue


At the end of September, 2011, total funds under management for the company stood at £15.1bn, down by 3.2% from the beginning of the year figure of £15.6bn.

The total net inflow of funds under management in Rathbone Investment Management was £284m in the three months ended 30 September 2011.

Rathbone Unit Trust Management attracted £62m in the first nine months of 2011, with funds under management reducing, thanks to the poor market conditions, from £1.1bn at the end of June 2011 to £1bn at the end of September.

Chief executive, Andy Pomfret, commented: "We expect markets to remain nervous for the remainder of 2011 as inflation expectations and European sovereign debt uncertainties continue to dominate the headlines.”

Operating income of £102.5m for Rathbone IM for the year to the end of September was 15.7% higher than the same period in 2010.



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