Schroders stems retail redemptions in Q1

Schroders posted a £200m net retail inflow in the first quarter, stemming the strong redemptions it ...

Schroders posted a £200m net retail inflow in the first quarter, stemming the strong redemptions it suffered last year. In its interim management statement this morning, the fund manager says demand in fixed income and robust investment performance across most asset classes led it to bounce back from the £3.1bn net retail outflow it recorded in the fourth quarter of last year. However, a £2.4bn institutional outflow contributed to the firm's AUM decline from £110.2bn to £103.1bn at Q1 end. The fund manager also announced its profit before tax and exceptional items fell by almost 54% t...