Schroders' AUM reaches record £325bn despite intermediary outflows

Harrison became chief exec on 4 April

Natalie Kenway
clock • 1 min read

Schroders has announced assets under management increased to a record level of £324.9bn at the end of the first quarter, despite net inflows almost halving compared to last year, in Peter Harrison's first trading update since becoming group chief executive.

The interim management statement for the three months to 31 March 2016 said assets under management had increased to the record level of £324.9bn from £313.5bn at the end of 2015, driven by strong institutional flows and investment returns. Institutional net flows were £4.5bn, however, the group noted that volatile markets had impacted retail client demand leading to intermediary net outflows of £1.8bn. These combined generated net new business of £2.7bn, down from £5.1bn in Q1 last year. Investment returns added £8.7bn to the record AUM figure, but this also compares with the £14bn a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read