COMPANIES Schroders said that for the first time in more than a decade it had enjoyed two successive quarters of net fund inflows from pension funds and other institutional investors.
The group, which has been battling persistent outflows from its legacy “balanced” equity and bond funds, said net institutional inflows were £3.3bn ($5.5bn) in the third quarter. Total net inflows of £7bn, including the savings of private investors, along with a string of fund launches helped to lift assets under management from £113.3bn at the end of June to £138.9bn.
