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Schroders – AuM Up, Revenues and Profits Fall
9 November 2012
Results from Schroders reveal
that assets under management increased by 4.2 per cent over the third quarter
of 2012 and by 8.3 per cent over the nine months to 30 September 2012. Net revenues
and pre-tax profit, however, were down on 2011 in both asset management and
private banking. Schroders' AuM stood at £202.8
billion (around $324.3 billion), at 30 September 2012. For the three months to
30 September, the firm saw net inflows totalling £2.6 billion: £1.9
billion in institutional and £0.8 billion in intermediary, with net outflows of
£0.1 billion in private banking. In a statement the firm
said it expected
a slowdown in institutional flows in the short term but that intermediary
demand has picked up.