Schroders posts slight increase in Q3 AuM

Schroders confirmed a modest increase in its assets under management during its third quarter.

The fund manager said its AuM as of 30 September stood at £716.9m, up from £700.4m three months before.

Assets in both its Private Assets and Alternatives, and Wealth Management Arms rose by £2.0bn to reach £50.2bn and £78.3bn, respectively.

However, it was its joint ventures and associates which registered the biggest increase in AuM, from £98.0bn to £111.4bn.

As of 1011 BST, shares of Schroders were dipping 0.14% to 3,594.0p.