Channel Eye
Channel Eye subscribe
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
No Result
View All Result
Channel Eye
No Result
View All Result
Channel Eye subscribe
Home Business Finance

Positive net flows for Brooks Macdonald International in group half year trading update

January 14, 2022
in Business, Finance, Jersey
Rich Hughes
Share on LinkedInTwitterFacebookEmail

Brooks Macdonald Group plc has published its latest quarterly Funds under Management (FUM) update and its half-year Trading Update for the period ending 31st December 2021, with figures highlighting continued progress and positive net flows for Brooks Macdonald International.

In particular, the International business, which has offices in Jersey, Guernsey and the Isle of Man, reported an increase in Funds Under Management (FUM) of 2.8% over the previous six months to stand at £2.58 billion. Organic net new business was also up 0.5% in the latest quarter, accompanied by strong investment performance.

Meanwhile, for the Group overall, the results show that total Group FUM grew to £17.3 billion in the period, an overall increase of 3.1% over the quarter and 5.3% over the half-year. This reflected increasingly positive net flows, in line with prior guidance, and positive investment performance. Group net flows were up 55% compared to the prior quarter.

Richard Hughes, CEO of Brooks Macdonald International, commented: “This has been a strong half-year for Brooks Macdonald International, reflective of the momentum we see across the Group. It is pleasing to see a return to positive net flows for us as well as a rise in our FUM to reach a new record level, in a period which was made particularly significant by the launch of our new Isle of Man office as part of our future growth strategy.”

“We have a growing pipeline of new business, our highly talented people are continuing to work hard to improve and develop our service to clients and intermediaries, and we are in a strong position to take advantage of the great opportunities ahead for Brooks Macdonald.”

Tags: Brooks Macdonald
ShareTweetShareSend
Sonny Teeling

Sonny Teeling

Related Posts

Golf Ball
Charity & Community

Brooks Macdonald International employees help raise more than £37,000 for charity

January 30, 2023
Jonathan Mynes
Appointments

Brooks Macdonald International announces double promotion

November 1, 2022
Richard Hughes
Finance

Solid performance for Brooks Macdonald International in annual results

September 23, 2022
Next Post
Jersey cash

Jersey's Standard & Poor’s credit rating is unchanged at AA-/A-1+

Channel Eye Sales
Caring Cooks
Channel Eye subscribe

Subscribe to our newsletter

Get the latest, no-nonsense, essential news and information direct to your inbox.
  • Home
  • Business
  • Lifestyle
  • Events
  • Directory
  • Privacy Policy
  • Contact
  • Advertise
  • Subscribe

© 2023 Channel Eye Limited

No Result
View All Result
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All Events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
  • Contact

© 2023 Channel Eye Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.