Schroders’ AUM reaches new high but net outflows fall by £2.3bn
Group warned of Q4 £8bn outflow from legacy Scottish Widows mandate
Group warned of Q4 £8bn outflow from legacy Scottish Widows mandate
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Core net inflows of £1.5bn, representing 5% of opening assets under management and advice
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Total outflows increased to £2.1bn in the first half of its financial year
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IFRS losses after tax amounted to £56m, compared to a £309m profit during H2 last year
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Company also achieved a 28% increase in adjusted profit
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The business was impacted by outflows and lower margins in its Investments arm
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Underlying net outflows were just £0.2m, excluding the impact of the departures, with positive flows in retail and wholesale
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Liontrust’s suite of funds saw net outflows of £6.1bn during the year
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The firm’s group revenue for 2023/24 increased by 13.9%
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Group publishes its half-year results to 31 March 2024
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Some £4.9m of AUM came from investment performance, market movement and foreign exchange
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Review of appointed representative firms to commence shortly
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