Schroders in new record

Fund manager Schroders said its assets under management rose to a record $452.5bn in the first quarter of 2014 after it took in new money across a range of products.

Reuters reports that those new wins - $6.41bn across its multi-asset, equities and fixed income funds - meant the year had started well, although it said financial market flux could dampen retail investor demand in the near term.

'We had a strong quarter in intermediary (or selling through third parties) with high levels of net inflows in Europe and the UK although, with markets facing a number of uncertainties, retail investor demand may reduce in the short term', said CEO Michael Dobson in a statement.

Markets have been held back in recent weeks by concerns around tensions between Ukraine and Russia, as well as uncertainty over growth in China and elsewhere.

To access the complete Reuters article hit the link below:

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