The asset manager’s interim management statement for the nine months to 30 September shows the amount of money ran has reached £202.8bn, rising from £194.6bn at the end of the second quarter.
Net inflows for the nine months came in at £5.3bn, up from the £5.1bn reported for the same period in 2011. However, the group’s profit before tax fell 16.2% from £317.3m to £266m.
In the asset management division, net revenue for the third quarter was £246m, down from £256.8m one year earlier. Profit before tax eased from £92.7m to £85.8m during the quarter.
The interim management statement also revealed that Schroders has witnessed positive net flows in intermediary and institutional business for each of 2012’s three quarters so far although small outflows have been seen in private banking.
“Demand in intermediary has picked up,” the group said. “It is not clear whether this more positive tone in intermediary will be sustained given the uncertain economic background, but long term we are well positioned.”
