Advertisement
UK markets closed
  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     
  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     
  • AIM

    789.87
    +6.17 (+0.79%)
     
  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     
  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     
  • Bitcoin GBP

    48,636.80
    -1,642.66 (-3.27%)
     
  • CMC Crypto 200

    1,260.95
    -97.05 (-7.15%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     

Rathbone's assets surge on $6 bln inflows in 2014

(Adds details, quote, shares)

By Carolyn Cohn

Jan 13 (Reuters) - Rathbone Brothers (LSE: RAT.L - news) ' funds under management (FuM) rose in the three months to December as new money from clients during the quarter pushed its net inflows for the year to 4 billion pounds ($6.05 billion), sending its shares higher on Tuesday.

Total FuM stood at 27.2 billion pounds at the end of December, the UK wealth manager said in a statement, up 3.4 percent from the September quarter and 23.6 percent from a year ago period.

Net flows for the quarter were at 327 million pounds. The acquisition of Jupiter Fund Management's private client and charity investment business also boosted the FuM in 2014.

ADVERTISEMENT

Rathbones, which will issue results for 2014 next month, said results were anticipated to be in line with expectations.

"Although we expect investment markets to continue to be volatile in 2015, our outlook remains positive," the wealth manager said in the statement.

At 0823 GMT, Rathbones' shares were trading up 0.9 percent, outperforming a 0.4 percent rise in the FTSE Mid-cap index . ($1 = 0.6607 British Pounds) (Additional reporting Nishant Kumar; Editing by Matt Scuffham)