As listed managers begin to issue their financial figures for the quarter ended June, the impact of the market rout earlier this year is starting to show in asset and inflow readings, with concerns being raised over macroeconomic headwinds such as inflation, war in Ukraine, and political uncertainty.

Wealth manager Brooks Macdonald said on 13 July that declining global markets had contributed to a 5.9% drop in funds under management to £15.7bn. Investment performance for the quarter delivered a reduction in funds under management of 7.6%, £1.3bn.