Schroders AuM falls, Jupiter posts rise & pays special dividend
UK asset manager Schroders on Thursday said first-half assets under management fell due to market volatility, but rival Jupiter posted a rise in assets.
Financial Services
14,051.23
16:59 26/04/24
0.59%
81.87
FTSE 100
8,139.83
17:09 26/04/24
n/a
n/a
FTSE 250
19,824.16
16:59 26/04/24
n/a
n/a
FTSE 350
4,470.09
16:59 26/04/24
n/a
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FTSE All-Share
4,423.59
17:14 26/04/24
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Jupiter Fund Management
76.30p
16:40 26/04/24
2.01%
1.50p
Schroders
353.40p
16:40 26/04/24
1.79%
6.20p
Schroders AuM fell to £726.1bn in the half-year to June 30, from £737.5bn at the end of last December, while generating £5.7bn in net new business.
Rival Jupiter Fund Management's assets under management rose 2% to £51.4b, with net inflows of £23m driven by institutional client demand.
It also announced an ordinary dividend of 3.5p and a special dividend of 2.9p per share, payable in September.