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Trading statements

Rathbone Bros. lifts total FuM in Q1 to £35.8bn

11 May 2017 09:08

Rathbone Brothers has improved its total funds under management to £35.8bn at the end of its Q1, up 4.7% fr5om £34.2bn at Dec. 31.

In a trading statement for the period Jan. 1 to March 31, Rathbone said strong investment markets and continuing growth helped our funds under management grow.

"Our investment businesses continue to perform well and activity is high across the group as we continue to progress towards our strategic goals," the company said.

"We continue to seek further growth opportunities, but remain mindful of continuing political and economic uncertainties."

Net operating income in Investment Management of £63.3 million (2016: £53.5 million) was up 18.3% year on year in the first three months of 2017.

At 9:08am: (LON:RAT) Rathbone Brothers PLC share price was +6.5p at 2411.5p

Story provided by StockMarketWire.com

Related Company: RAT

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