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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CEO says company is ‘ideally positioned to seize growth opportunities’
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Gross flows for Q3 came in at £4.4bn, 20% higher than over the same period last year
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Core net inflows of £1.5bn, representing 5% of opening assets under management and advice
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It attracted 25,000 new customers over the past three months, bringing its client base to 528,000
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Gross outflows remained ‘elevated’ due to challenging macroeconomic backdrop
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Migration of assets from Saunderson House continues
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