Brewin Dolphin defies Covid hit to break £50bn AUM
Income for the model portfolio service grew 18.5% in the final three months of 2020
Strong investment performance boosted Brewin Dolphin’s total funds under management to more than £50bn in the final three months of 2020, surpassing its pre-Covid levels.
In a trading update, the wealth manager said total funds increased 8% during the period to reach £51.4bn, while assets in discretionary channel climbed 8.3% to hit £44.6bn after net inflows of £100m.
At the end of December 2019, total funds were £48.5bn while discretionary funds were £41.8bn.
Funds in its model portfolio service grew to £4.9bn after net flows of £100m, representing an annualised growth rate of 9.1%.
Top UK Stocks to Watch: Fresnillo gold output to fall further in 2021
Joshua Warner January 27, 2021 9:15 AM
Fresnillo warns output will fall further this year, LondonMetric buys two warehouses, FDM Group surprises with a second interim dividend, Diversified Gas & Oil is preparing for ‘another exceptional year’, and Homeserve gets a new chairman. Share:
Top News: Fresnillo posts 12% fall in production and warns of further drop
Fresnillo said gold production was 12.1% lower in 2020 and warned it will drop further in 2021.
The FTSE 100-listed gold miner, which operates in Mexico, said annual production of gold fell to 769,600 ounces and that output this year would fall within a range of 675,000 to 725,000 ounces, representing a fall of between 5.8% and 12.3%.