Schroders assets under management hit record high in Q1
LONDON May 1 (Reuters) - British fund manager Schroders said assets under management rose to a record 268 billion pounds ($452.53 billion) in the first quarter of 2014 after it took in new money across a range of products.
Those new wins - which totalled 3.8 billion pounds across multi-asset, equities and fixed income - meant the year had started well, Chief Executive Michael Dobson said, although uncertainty in financial markets meant retail investor demand could take a hit in the short term.
Pretax profit during the period, before tax and exceptional items, was 130.7 million pounds, up from 115 million pounds in the same period a year earlier, the company said in a statement on Thursday. ($1 = 0.5922 British Pounds) (Reporting by Simon Jessop; editing by Freya Berry)
- Gaza fighting abates as diplomatic tension flares |
- Court orders Russia to pay some $50 billion in damages to Yukos shareholders
- Pushing locals aside, Russians take top rebel posts in east Ukraine
- Obama could curb corporate 'inversions' on his own: ex-U.S. official
- Family of five found shot dead in Maine home: police