11 March 2021 | 09:19am StockMarketWire.com - Wealth manager Brooks Macdonald reported record annual funds under management driven by lower net outflows and increased investment performance. For the six months ended 31 December 2020, Funds under management reached a record level of £15.5 billion, u 13.3% from £13.1 billion in 2019. Investment performance of 9.5%, bettered the increase of 6.5% in the MSCI PIMFA Private Investor Balanced Index, the company said. Net outflows fell to £367 million from £506 million a year earlier, with Q2 stronger than Q1. Underlying pre-tax profit was up 21.7% to £14.0 million year-on-year as revenue increased by 1.8% to £55.9 million. The interim dividend was raised by 9.5% to 23.0p a share.