Brooks Macdonald (GB:BRK) has released an update.
Brooks Macdonald Group PLC has reported a 2.0% increase in Funds under Management (FUM) reaching £17.9 billion in the third quarter, driven by positive market reactions and robust product demand, despite high interest rates and continued net outflows. The company highlighted growth in its Platform MPS and specialized BPS products, while overall net outflows were counteracted by a 3.7% positive investment performance. The Group maintains its full-year outlook in line with market expectations and anticipates revealing the results of a strategic review of its International operations later in the year.
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