1st May 2025 11:04
Schroders PLC - London-based wealth and asset manager - Assets under management decline by 2.6% to GBP758.4 billion on March 31 from GBP778.7 billion on December 31, due to GBP7.4 billion in net outflows and GBP12.9 billion in negative market, currency and investment performance. The net outflow is entirely due to GBP8.5 billion in net outflows from joint ventures and associates, which Schroders says reflects money market outflows in China. Within Schroders itself, Asset Management has neutral flows, while Wealth Management has GBP1.1 billion in net inflows. Read More
