According to Rathbones Group’s preliminary annual results, Rathbones Investment Management’s bespoke portfolios enjoyed net inflows of £300m in 2023, while its portfolios managed via in-house funds gained £100m.
This was down compared to 2022, when its bespoke portfolios took in £800m and in-house strategies saw £100m net inflows. However, these inflows offset the £600m net outflows in the firm’s single-strategy funds.
Overall, the firm’s total funds under management was buoyed £40.8bn by its merger with Investec Wealth and Investment UK in September 2023, pushing its total group FUMA…