Schroders posts £1.8bn net retail inflow in Q2; Group dividend up 10%

Schroders posted a £1.8bn net retail inflow in the second quarter of the year, helping to propel its first half net retail sales to £5.1bn.

The first half net retail sales figure is more than double the £2.5bn posted in the previous year. Institutional clients poured £3.8bn into Schroders mandates in the second quarter, which followed inflows of £6bn in Q1. The group's intermediary funds under management hit £62.7bn at the end of June, while the groups total FUM was £164bn. Group CEO Michael Dobson gave a cautious outlook for retail fund inflows in the second half, after flows slowed in the second quarter. He told Dow Jones Newswires retail clients have been cutting equity positions and moving money into fixed incom...