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