TIDMBRK
RNS Number : 7110C
Brooks Macdonald Group PLC
13 October 2022
13 October 2022
BROOKS MACDONALD GROUP PLC
Quarterly Announcement of Funds under Management
"Continued strong positive net flows in Q1"
Brooks Macdonald Group plc ("Brooks Macdonald" or "the Group")
today publishes an update on its Funds under Management ("FUM") for
the first quarter of its financial year, the three months ended 30
September 2022.
During the first quarter of the financial year, the Group
recorded positive net flows of GBP0.2 billion, with continued
momentum in new business against a backdrop of volatile markets.
The further decline in global markets at the end of September
offset the positive net flows leading to a 0.9% decrease in the
Group's closing FUM to GBP15.5 billion (30 June 2022: GBP15.7
billion).
Highlights for the quarter included:
-- The Group delivered strong positive net flows, continuing the
trend reported in prior quarters and achieving an annualised rate
of 4.9%, in line with the previous financial year.
-- UKIM discretionary FUM had positive net flows of GBP0.2
billion (an annualised rate of 8.1%), driven by MPS Platform, which
saw an annualised net flow rate of 47.3%. MPS Platform includes the
Group's business-to-business offering, BM Investment Solutions.
-- Overall investment performance for the quarter recorded a
reduction of GBP0.3 billion or 2.1%, ahead of the MSCI PIMFA
Private Investor Balanced Index which declined by 3.6% in the
period.
While the pipeline for FY23 remains robust, market conditions
are resulting in some clients taking longer to commit funds.
Andrew Shepherd, CEO of Brooks Macdonald commented:
"Despite the difficult political and economic conditions in our
first quarter, net flows were running at an annualised 4.9% - an
excellent result, continuing the trend seen in the previous
financial year.
"Given the challenging backdrop, high quality financial advice
and robust long-term investment management are needed now more than
ever. Our net flows for this quarter are a credit to everyone at
Brooks Macdonald, who engaged actively with our clients and
intermediaries to support them in navigating these volatile
markets.
"We remain confident in our expectations for new business flows
and in the Group's ability to deliver our ambitious growth
strategy."
Analysis of fund flows by service over the quarter
Quarter to 30 September 2022 (GBPm)
Opening Organic Investment Closing Organic Total
FUM net new performance FUM net new mvmt
1 Jul 22 business in the period 30 Sep business
22
---------- ---------- --------------- -------- ---------- -------
BPS 8,581 (6) (231) 8,344 (0.1)% (2.8)%
---------- ---------- --------------- -------- ---------- -------
MPS Custody 960 (3) (9) 948 (0.3)% (1.2)%
---------- ---------- --------------- -------- ---------- -------
MPS Platform 2,053 243 (34) 2,262 11.8% 10.2%
---------- ---------- --------------- -------- ---------- -------
MPS total 3,013 240 (43) 3,210 8.0% 6.5%
---------- ---------- --------------- -------- ---------- -------
UKIM discretionary 11,594 234 (274) 11,554 2.0% (0.3)%
---------- ---------- --------------- -------- ---------- -------
Funds - DCF 439 (14) (18) 407 (3.2)% (7.3)%
---------- ---------- --------------- -------- ---------- -------
Funds - Other 1,418 (20) 6 1,404 (1.4)% (1.0)%
---------- ---------- --------------- -------- ---------- -------
Funds total 1,857 (34) (12) 1,811 (1.8)% (2.5)%
---------- ---------- --------------- -------- ---------- -------
UKIM total 13,451 200 (286) 13,365 1.5% (0.6)%
---------- ---------- --------------- -------- ---------- -------
International 2,216 (9) (48) 2,159 (0.4)% (2.6)%
---------- ---------- --------------- -------- ---------- -------
Total 15,667 191 (334) 15,524 1.2% (0.9)%
---------- ---------- --------------- -------- ---------- -------
Total investment performance (2.1)%
----------------------------------------------------------------------- -------------------
MSCI PIMFA Private Investor Balanced Index(1) (3.6)%
----------------------------------------------------------------------- -------------------
(1) Capital-only index.
Enquiries to:
Brooks Macdonald Group plc www.brooksmacdonald.com
Andrew Shepherd, CEO 020 7659 3492
Ben Thorpe, CFO
Peel Hunt LLP (Nominated Adviser and
Broker)
Paul Shackleton / Andrew Buchanan / John
Welch 020 7418 8900
FTI Consulting brooksmacdonald@fticonsulting.com
Edward Berry / Laura Ewart / Katherine 07703 330199 / 07711
Bell 387085 / 07976 870961
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 of
GBP15.5 billion as at 30 September 2022.
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 international investment management,
and acts as fund manager to a range of onshore and international
funds.
The Group has fourteen offices across the UK and Crown
Dependencies including London, Birmingham, Cheltenham, East Anglia,
Exeter, Leeds, Manchester, Southampton, Tunbridge Wells, Scotland,
Wales, Jersey, Guernsey and Isle of Man.
LEI: 213800WRDF8LB8MIEX37
www.brooksmacdonald.com / @BrooksMacdonald
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCGPGRUUUPPGMP
(END) Dow Jones Newswires
October 13, 2022 02:00 ET (06:00 GMT)
Brooks (AQSE:BRK.GB)
過去 株価チャート
から 6 2024 まで 7 2024
Brooks (AQSE:BRK.GB)
過去 株価チャート
から 7 2023 まで 7 2024
