30th Apr 2015 06:34
LONDON (Alliance News) - Schroders PLC Thursday said its assets under management increased by GBP19.5 billion in the first quarter of the year, driven by strong net inflows and investment returns.
In a statement, the asset manager and FTSE 100 constituent said assets under management amounted to GBP319.5 billion at the end of March, an increase from the GBP300 billion recorded at the end of 2014.
Net inflows of GBP5.1 billion and investment returns of GBP14.4 billion drove the increase in assets under management.
Pretax profit increased to GBP141.7 million in the three months ended March 31, compared with GBP118.9 million in the corresponding quarter of the prior year.
By Samuel Agini; [email protected]; @samuelagini
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