Despite the “prevailing political and macroeconomic backdrop” continuing to create market uncertainty, Brooks Macdonald increased its funds under management (FUM) by 4.8 percent year-on-year to £13.3 billion at 30 September 2019.

A year earlier this figure stood at £12.7 billion, excluding now exited funds.

During the three months to 30 September the firm had total net outflows of £28 million, as “conditions remained challenging", it said.

Although both MPS and Funds continued to achieve net inflows during the quarter, BPS recorded net outflows of £53 million, which the firm attributed to the weaker ...