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Schroders’ AUM rises on £1.6bn inflow

The amount of money managed by Schroders rose in the first quarter of the year after the asset manager witnessed net inflows over the three-month period.

Schroders’ total assets under management hit £199.6bn in the period ending March 31, rising from the £187.3bn run at the end of 2011.

The rise came on the back of £1.6 billion in net inflows. However, this is 48.4 per cent down on the £3.1bn seen one year earlier.

Net inflows into the group’s asset management wing totalled £1.7bn, with £300m coming from intermediary and £1.4bn from institutional. The business’ AUM rose from £171.3bn to £183.2bn over the quarter.

These positive flows were partially offset by a £100m net outflows in Schroders’ private banking operation, which ran £16.4bn at the end of the period in question.

Schroders’ outlook says: “In the short term, macroeconomic uncertainties and volatility in financial markets make it hard to predict flows.

“Long term, we continue to see a broad range of opportunities in our core business in institutional and intermediary, in addition to which we have a number of new products coming on stream later this year.”



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