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Schroders sees Q3 assets rise to $698 billion

Thu, 15th Oct 2020 07:14

LONDON, Oct 15 (Reuters) - British fund firm Schroders
reported a 2% rise in assets under management to 536.3
billion pounds ($698 billion) on Thursday, boosted by modest
inflows across all of its business divisions.

Client cash managed in its asset management unit also
increased by around 9 billion pounds to 469.5 billion pounds
over the three months to end-September, while assets managed by
its solutions business rose to 179.4 billion pounds, from 175.2
billion pounds in July.

The money manager saw half-year profits to end-June fall by
10% after the pandemic sparked heavy outflows from mutual funds.
($1 = 0.7683 pounds)
(Reporting By Sinead Cruise; Editing by Dhara Ranasinghe)

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