Quarterly Announcement of Funds under Management

RNS Number : 2763W

Brooks Macdonald Group PLC

26 April 2016

 

26 April 2016

BROOKS MACDONALD GROUP PLC

Quarterly Announcement of Funds under Management

Brooks Macdonald Group plc (the "Group"), a leading UK investment management group, today announces an update on its funds under management for its third quarter ended 31 March 2016.

Funds under Management

Discretionary

As at 31 March discretionary funds under management totalled GBP £8.007 billion, an increase of 2.37% (31 December 2015: £7.822 billion).  As a comparison the WMA balanced index increased by 0.72% over the quarter.

This represents all the discretionary funds managed by the Group (Asset Management, Funds and International) and this growth was a combination of performance (-£56m) and net new business (£241m).

Analysis of discretionary fund flows over the quarter

	£m
Opening discretionary FUM (Dec 15)	7,822
Net new discretionary business	241
Acquisitions	0
Investment growth	(56)
Total FUM growth	185
Closing FUM (March 2016)	8,007
Organic growth (net of markets)	3.08%
Total growth	2.37%

Property assets under administration

The Group's property management business, Braemar Estates, had property assets under administration of £1.132 billion (31 December 2015: £1.127 billion).

Third party assets under administration

The Group now has third party assets under administration in excess of £260 million (31 December 2015: >£245million).

Chris Macdonald, Chief Executive of Brooks Macdonald, commented:

"After good progress in the first half, we have had a satisfactory third quarter, growing discretionary funds under management to over £8 billion, for the first time in our history.

"Net organic growth remained strong at over 3% for the quarter although our underweight positions in Resources and UK Fixed Income caused client portfolios to lag the benchmark after a sustained period of outperformance."

Enquiries to:

Brooks Macdonald Group plc Chris Macdonald, Chief Executive Simon Jackson, Finance Director Andrew Shepherd, Deputy Chief Executive	www.brooksmacdonald.com 020 7499 6424
Peel Hunt LLP (Nominated Adviser and Broker) Guy Wiehahn / Adrian Haxby	020 7418 8900
MHP Communications Reg Hoare / Simon Hockridge / Giles Robinson	020 3128 8100

Notes to editors

Brooks Macdonald Group plc, through its various subsidiaries, provides leading investment management services in the UK and internationally. The Group, which was founded in 1991 and began trading on AIM in 2005, had discretionary funds under management (FUM) of £7.82bn as at 31 December 2015.

Through its core divisions, Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, institutions, charities and trusts. The Group also provides financial planning as well as offshore fund management and administration services and acts as fund manager to regulated OEICs, providing specialist funds in the property and structured return sectors and managing property assets on behalf of these funds and other clients.

The Group has twelve offices across the UK and the Channel Islands including London, Edinburgh, Guernsey, Hale, Hampshire, Jersey, Leamington Spa, Manchester, Taunton, Tunbridge Wells and York.

 

END

 

 

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