Brooks Macdonald Group (BRK)

Sector:

Financials

Index:

FTSE AIM 100

2,010.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 2,160.00p
  • 52 Week Low: 1,590.00p
  • Currency: UK Pounds
  • Shares Issued: 16.47m
  • Volume: 12,516
  • Market Cap: £331.10m
  • RiskGrade: 164

Brooks Macdonald ends Q1 with record funds under management

By Josh White

Date: Thursday 14 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Brooks Macdonald Group said on Thursday that total group funds under management at the end of its first quarter reached a record £16.8bn, making for 2.2% quarter-on-quarter growth.
The AIM-traded firm said the improvement for the three months ended 30 September reflected continued positive net flows, in line with its recent guidance, and strong investment performance.

It said it had a "solid start" to the financial year with positive net flows, in line with the prior quarter and running at 3.1% on an annualised basis.

Overall investment performance for the period was 1.4%, again ahead of the MSCI PIMFA Private Investor Balanced Index, which was up by 0.2%.

UKIM discretionary funds under management had positive net flows of £0.2bn, for an annualised rate of 5.7%.

Within that, both the Bespoke Portfolio Service (BPS) and the Managed Portfolio Service (MPS) had positive net flows, with strong flows in MPS driven by the continued success of the group's business-to-business offering, BM Investment Solutions.

Flows in the UKIM Funds business were "slightly negative", with the Defensive Capital Fund continuing to be affected by outflows in the absolute return sector.

The international business saw a sharp reduction in net outflows during the quarter, with a return to positive net flows expected from the current, second quarter.

Brooks Macdonald said it had a "healthy pipeline", with net flows expected to continue to improve further in line with its previous guidance.

"We have made a solid start to the financial year, with positive net flows in the period contributing to record funds under management of £16.8bn, and we have continued to provide benchmark-beating investment performance for clients," said chief executive officer Andrew Shepherd.

"There is a clear energy about the business, helped by the passion and excitement our team gets from increasingly meeting face-to-face with advisers and clients again.

"We have a strong pipeline and we are confident of further improvement in net flows over the course of the year."

At 1459 BST, shares in Brooks Macdonald Group were up 0.19% at 2,650p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BRK Market Data

Currency UK Pounds
Share Price 2,010.00p
Change Today -10.00p
% Change -0.50 %
52 Week High 2,160.00p
52 Week Low 1,590.00p
Volume 12,516
Shares Issued 16.47m
Market Cap £331.10m
RiskGrade 164

BRK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.84% above the market average9.84% above the market average9.84% above the market average9.84% above the market average9.84% above the market average
65.77% below the sector average65.77% below the sector average65.77% below the sector average65.77% below the sector average65.77% below the sector average
Price Trend
11.94% below the market average11.94% below the market average11.94% below the market average11.94% below the market average11.94% below the market average
12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average12.07% below the sector average
Income
55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average
29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average
Growth
68.33% below the market average68.33% below the market average68.33% below the market average68.33% below the market average68.33% below the market average
36.54% below the sector average36.54% below the sector average36.54% below the sector average36.54% below the sector average36.54% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 1
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BRK Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Mar-24 21-Sep-23
Paid 16-Apr-24 03-Nov-23
Amount 29.00p 47.00p

Trades for 12-Jul-2024

Time Volume / Share Price
16:35 4 @ 2,010.00p
16:35 2 @ 2,010.00p
16:35 2 @ 2,010.00p
16:23 18 @ 2,010.00p
14:16 2 @ 2,027.20p

BRK Key Personnel

Chair Maarten Slendebroek

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