SHARES in
In the near-term, however, inflows swelled to the highest total on record in 2021, buoyed by a combination of positive net flows and strong investment performance.
The
Total funds rose 19.5 per cent during the year to £56.9bn, and total discretionary funds jumped 20.9 per cent to £49.8bn.
Looking ahead, the group said operating costs are expected to grow mid to high single digit per cent, due to a combination of wage inflation and technology investment.
"From a client perspective, inflation around the corner is our friend," CEO
(c) 2021 City A.M., source