Alternatives adds £5bn to Schroders net inflows while mutual funds leak cash

According to its half year results, Schroders recorded net inflows of £8.4bn, with private assets and alternatives adding £4.8bn to the total, behind only its solutions business, which added £6.3bn, benefiting strongly from this year's acquisition of River and Mercantile's solutions arm. Wealth Management also boosted the group's inflows, adding £3.8bn. Mutual funds suffered from widespread negative market sentiment, losing £2.9bn to net outflows over the past six months, while institutional haemorrhaged cash, with £7.6bn exiting through this arm. Equity mutual funds kept their hea...