Schroders grows AUM as it hunts for 'new talent'

Assets under management at the group grew to £194.6bn in the six months to the end of June 2012, up on the £187.3bn reported at the end of December and retail investors generated net inflows of £1bn out of that sum, with particular strength coming from US intermediary business. Of the total £2.7bn inflows, £1.9bn came from the institutional space into multi-asset, equities and alternatives while fixed income saw net outflows. While posting strong inflows, Schroders' management report said, following the purchase of a 25% stake in Axis Asset Management in India, it is set to "take adva...