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Schroders doubles retail inflows to £5.1bn

Schroders has reported a near doubling in retail fund flows in the first half of the 2010, compared with the first six months of 2009.

In its half-yearly results published today the group reported net retail inflows of £5.1 billion, up from £2.5 billion in the first half of 2009.

Net institutional inflows meanwhile totalled £9.8 billion in the first half of the year, up from the £ 0.8 billion reported in the first half
of last year.

The group reported a total profit, before tax, of £188.2m, up from the £36.3m profit reported in the same period last year.

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