Schroders posts record net inflow; Strong demand across asset classes

Net retail inflows of £3.3bn over the first three months of the year helped propel Schroders to a record quarterly inflow in Q1.

The asset manager posted total net inflows of £9.3bn over the period, with a net £6bn taken in from institutional clients. Schroders' result is an £11.8bn turnaround on the corresponding period last year, with the firm suffering a £2.1bn net outflow during the strong market slide in Q1 2009. Total assets under management at the group now stand at £167.9bn, almost £20bn higher than the end of last year 2009. Robin Stoakley, Schroders' managing director of UK intermediary business, says the group has seen strong UK investor interest across a number of product areas. "The positive ...