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Meanwhile, Schroders published its new abridged Q1 trading update, posting 5% growth in assets under administration to £416.3bn.
Its asset management arm expanded over the period to £361.9bn from £346.4bn and assets overseen by its wealth management business surged to £43.2bn, including £2.5bn in assets from its acquisition of C. Hoare & Co’s discretionary unit.
Schroders’ shares were trading slightly down (-0.84%) at 3171p during Thursday morning trading.
Investors will likely ‘remain in the dark before each upcoming meeting’ until the end of the year, according to experts
Amundi CIO discusses the potential impact of the upcoming US election on markets
AJ Bell’s investments arm saw £1.5bn net inflows in the year to 30 September
$7bn withdrawal from a single client had been flagged in Man Group’s half-year results in July
Managers have upped equity and lowered bond allocations at a record rate, according to the BofA October global fund manager survey
The firm’s wealth management arm saw net outflows of £891m, while asset management achieved inflows of £67m
