Investments  

Rathbones sees surge in net inflows for 2013

Rathbone Unit Trust Management’s (Rutm) total net inflows reached £327m for 2013, an increase of £261m when compared with 2012.

In a trading update issued today ahead of its preliminary statement of annual results to be published on February 20, the company announced fourth quarter net fund inflows of £170m, compared with just £14m for the same period in 2012.

Funds under management for the year rose to £1.8bn as at December 31 2013 from £1.3bn a year earlier, an increase of 38.5 per cent, the statement said.

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Elsewhere in the business, total net inflows into funds under management in Rathbone Investment Management rose to 9 per cent in 2013, a 2.8 percentage point increase on 2012.

The company said it expected its 2013 results to “be in line with expectations” and “remains well positioned to take advantage of growth opportunities as they arise”.