Schroders assets under management reaches record high

UK fund manager Schroders said assets under management rose to a record $458.7bn in the first half of the year, after net inflows more than offset a muted market performance.

Reuters reports that the company said it had net inflows of $8.11bn in the period, against $7.6bn in the year earlier period. That trend had continued into July and it also had a good pipeline of institutional business yet to be funded.

Retail investor demand, however, was uncertain given the lack of a clear trend in markets, it said in a statement on Thursday.

'Against a background of quieter markets and some slowdown in investor demand following the strong performance of 2013, Schroders produced satisfactory results in the first half of 2014', the company said.

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Schroders assets under management rise to record high in first-half

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