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IN BRIEF: Schroders grows assets under management 2.4% in 3rd quarter

18th Oct 2021 08:49

Schroders PLC - London-based asset manager - Total assets under management rise 2.4% to GBP716.9 billion on September 30, the end of the third quarter, from GBP700.4 billion on June 30, the end of the second. Asset management AUM edges up just 0.2% to GBP527.2 billion from GBP526.1 billion, held back by a 1.2% decline in Institutional assets to GBP167.5 billion from GBP169.5 billion. Wealth Management AUM rises 2.6% to GBP78.3 billion from GBP76.3 billion, but the biggest rise in the recent quarter is from joint ventures & associates, where AUM jumps by 14% to GBP111.4 billion from GBP98.0 billion.

Current stock price: 3,583.98 pence, down 0.4% on Monday

Year-to-date change: up 7.4%

By Tom Waite; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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