thewealthnet

CBAM generates strong inflows despite lack of face-to-face contact

News Team, 19/11/2020

Close Brothers Asset Management (CBAM) generated net inflows of seven percent in its first quarter from 1 August to 31 October 2020.

The firm said this was despite the impact of reduced face-to-face interaction with clients since the onset of Covid-19.

Managed assets increased from £12.6 billion at the end of July to £12.8 billion and total client assets also marginally increased from £13.7 billion to £13.8 billion in the same period.

CBAM remains committed to investing in new hires and technology, according to a trading update.

<...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM