Schroders assets edge higher in third quarter
Schroders' assets under management and administration increased 1.3% over the first nine months of the year, edging up 0.8% in the third quarter.
Financial Services
14,051.23
16:59 26/04/24
FTSE 100
8,139.83
17:09 26/04/24
FTSE 350
4,470.09
16:59 26/04/24
FTSE All-Share
4,423.59
17:14 26/04/24
Schroders
353.40p
16:40 26/04/24
A pithy quarterly update from the FTSE 100 group revealed AuMA had increased to £453bn at the end of September.
Intermediary assets were unmoved in the third quarter at £131.2bn, following the redemptions seen from the intermediary sales channel in the first half of the year.
Wealth management assets remained almost unmoved since the half-year at £46.8bn, having enjoyed has seen strong client demand in the first half.
However, institutional funds provided the growth in managed assets, rising 1.2% to £260.2bn
Furthermore, assets under administration jumped 23% to £13.9bn, in the Benchmark Capital business where Schroders just provides administrative support.