View more on these topics

Schroders nets £8.3bn inflows amid market volatility

Schroders-Building-700x450.jpg

Schroders saw £8.3bn of inflows in the nine months to the end of September, up from £7bn last year and amid a period of market volatility.

The asset management arm saw £4.6bn of inflows for intermediary business and £3.5bn for institutional flows, according to its interim management statement, released today.

Assets under management at the division were £263.9bn, up from £245.7bn at the end of September last year. Net revenue at the division was £1.0bn, while profit before tax was £391.3m, up from £341.6m last year.

“These results reflect the resilience of our diversified business at a time of heightened market volatility,” says Michael Dobson, chief executive at Schroders.

The wealth management division saw a drop in revenues and inflows in the period.

Inflows for the nine months were £200m, down from £400m last year, although assets under management were up by £400m to £30.9bn on last year.

Profit before tax at the group level was up 21 per cent on last year, to £438.9m.

Recommended

Schroders-Building-700x450.jpg

Schroders urges FTSE 350 firms to ditch quarterly reporting

Schroders has joined LGIM in calling for FTSE 350 firms to shed quarterly reporting. Schroders wrote to all FTSE 350 companies at the end of last week to urge them not to continue publishing quarterly results as it encourages a short-term approach and is time consuming. The rules from accounting watchdog the Financial Reporting Council […]

Exit-Man-Door-Depart-Leave-700.jpg

Schroders’ veteran manager Banyard to exit firm

Schroders’ veteran fund manager Rosemary Banyard is to exit the firm to pursue “other opportunities”. Banyard, who has been at Schroders for 17 years as fund manager and co-head of pan-European small companies, will continue in her duties until 31 March 2016. She will be replaced by current co-head of pan-European small companies Andy Brough, who will become the sole […]

Leading Edge – April 2017

There is little doubt 2017 will be a year of political uncertainty. Leading Edge is Royal London Asset Management’s regular review of investment markets. This edition explores some of the impacts that this uncertainty is having on investors, from the pitfalls of prediction within UK equity investing to the dangers of opting for convenience over […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment