Schroders' profits dip as AUM rises

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Schroders has reported a fall in pre-tax profits for the year to September despite a pick-up in its intermediary business.

The asset manager’s interim management statement covering the nine months to 30 September 2012 shows profit before tax was £266m, down from £317.3m in 2011. Net inflows reached £5.3bn, a £200m i...

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