Assets invested in the exchange-traded funds industry in both the US and Europe have continued to rise, eclipsing records set as recently as August this year.

Assets invested in the exchange-traded funds industry in both the US and Europe have continued to rise, eclipsing records set as recently as August this year.

Man Group recorded $5.5bn in outflows last quarter, largely due to a major redemption by an institutional client from its systematic long-only strategies.

Rathbones Group's assets under management fell in the latest quarter, as outflows from Sanderson House and Investec Wealth & Investment outweighed positive inflows in its investment management arm.