View more on these topics

Schroders suffers £3.3bn adviser outflows


Schroders has suffered £3.3bn outflows from advisers spooked by market volatility as it announces total assets under management of £343.8 billion for H1 2016, compared to £309.9 billion a year earlier.

Sterling weakness has helped boost assets under management by £28.5bn.

The asset manager says volatile markets were impacting investor sentiment, particularly in the UK and Asia, in the advisory space, where assets under management total £106.4bn, compared to £102.4bn a year earlier.

Institutional demand stemmed intermediary outflows and total net flows for the asset manager over the first half were £700m.

Profit before tax for the period was £282.3 million compared to £290.3 million for the same period last year.

Peter Harrison, group chief executive, says: “There was heightened market volatility throughout the period, particularly towards the end of June, following the result of the referendum on the UK’s membership of the European Union. We expect the current market environment to persist and this may have an impact on investor demand.”

The asset manager says it is “well placed” to manage risks associated with Brexit – including regulatory and legal changes on its business model. But it adds it will be lobbying relevant stakeholders to “safeguard the competitiveness of the UK asset management industry”.

The asset manager says 70 per cent of assets have outperformed their benchmark or peer group over a three year period.



Ex-Schroders trader sentenced for insider dealing

Former Schroders equities trader Damian Clarke has been sentenced to two years behind bars after pleading guilty to nine counts of insider dealing. Southwark Crown Court heard the offences took place over nine years between 2003 and 2012, during which time Clarke was initially an assistant fund manager, before becoming an equities trader in 2006. […]


Schroders acquires $4bn fixed income team

Schroders has agreed a deal to buy a $4bn (£2.7bn) fixed income team from US-based Brookfield Investment Management. The asset management giant will acquire Brookfield’s securitised products investment management team, which is led by Michelle Russell-Dowe. The deal will see the firm’s asset and mortgage-backed securities team join Schroders’ existing New York-based ABS team, with the combined teams collectively running $8bn. […]


Schroders on acquisition hunt for fixed income manager

Schroders’ new boss Peter Harrison says he is on the hunt to buy a fixed income manager to fill gaps in the asset manager’s product line-up. The new chief executive at Schroders, who replaced former boss Michael Dobson in March, told the Financial Times that there are areas where the asset manager is weaker. He said Schroders had […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Julian Stevens 28th July 2016 at 6:54 pm

    I don’t know why people are panicking and redeeming their investments. All my portfolios are rip-roaring upwards and my clients are delighted.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm