May 9, 2019 / 6:15 AM / 4 months ago

Rathbone Brothers Q1 funds up 7.7 pct on market gains, inflows

LONDON, May 9 (Reuters) - British wealth manager Rathbone Brothers on Thursday posted a 7.7 percent increase in first-quarter assets under management and administration on the back of market gains and net inflows of client cash.

Total funds at the end of the period were 47.5 billion pounds ($61.84 billion), it said in a statement, helped by rising stock markets, although weak investor sentiment had weighed on growth and was expected to continue in the short term.

$1 = 0.7681 pounds Reporting by Simon Jessop, editing by Sinead Cruise

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