Schroders posts slight increase in Q3 AuM

Schroders confirmed a modest increase in its assets under management during its third quarter.

The fund manager said its AuM as of 30 September stood at ร‚ยฃ716.9m, up from ร‚ยฃ700.4m three months before.

Assets in both its Private Assets and Alternatives, and Wealth Management Arms rose by ร‚ยฃ2.0bn to reach ร‚ยฃ50.2bn and ร‚ยฃ78.3bn, respectively.

However, it was its joint ventures and associates which registered the biggest increase in AuM, from ร‚ยฃ98.0bn to ร‚ยฃ111.4bn.

As of 1011 BST, shares of Schroders were dipping 0.14% to 3,594.0p.

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