LONDON (dpa-AFX) - Rathbone Brothers Plc (RAT.L) said total funds under management as at 31 December 2011 were 15.85 billion pounds, up 1.4% from 15.63 billion pounds as at 31 December 2010.
Funds managed by Rathbone Investment Management Limited were 14.76 billion pounds as at 31 December 2011, 1.2% higher than 14.59 billion pounds as at 31 December 2010. This compares to a 5.6% decrease in the FTSE 100 Index and a 2.8% decrease in the FTSE APCIMS Balanced Index over the same period.
The company noted that the underlying annualised rate of net organic growth in funds under management in Rathbone Investment Management Limited was 5.4% in the year ended 31 December 2011.
Looking forward, Rathbones is cautiously optimistic about the prospects for 2012 with the UK equity market ending 2011 on a more positive note. There is no doubt that the uncertainties over Europe persist but this is balanced by indications that the economic environment is showing small signs of improvement, particularly in the USA.
Copyright RTT News/dpa-AFX
© 2012 AFX News
