Rathbone Unit Trust Management increased its assets under management by 11 per cent in the first three months of 2013.
According to Rathbone Brothers’ latest interim management statement, published this week, the group’s unit trust business saw assets under management grow 10.8 per cent from £1.3bn at 31 December to £1.4bn at 31 March.
RUTM witnessed inflows of £80m during the three-month period, which were partially offset by outflows of £57m. Positive market movements of £114m contributed the rest of the rise in AUM.
Looking at the wider business, Rathbone Brothers reports total funds under management were £19.6bn at the end of the first quarter, which is 9 per cent up from £18bn at the end of 2012.
By 30 April, Rathbone Brothers was running a total of £20.1bn, which includes the £339m gained from the acquisition of Taylor Young’s private client business.