Schroders assets slip in third quarter on weaker Solutions funds

(Alliance News) - London-based asset manager Schroders PLC on Thursday reported a quarterly drop ...

Alliance News 20 October, 2022 | 9:27AM
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(Alliance News) - London-based asset manager Schroders PLC on Thursday reported a quarterly drop in assets under management.

In the company's third quarter to September 30, Schroders reported assets under management of GBP752.4 billion, down 2.7% from GBP773.4 billion in June, but up 5.0% year-on-year from GBP716.9 billion.

It noted that its Solutions funds fell by 8.9% in its third quarter to GBP205.5 billion from GBP225.7 million the quarter prior.

Shares in Schroders were down 0.1% to 377.89 pence each in London on Thursday morning.

By Sophie Rose; sophierose@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Schroders PLC 384.80 GBX 3.89

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