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Schroders sees third-quarter assets rise to £536.3 billion

·1-min read

LONDON (Reuters) - British fund firm Schroders <SDR.L> reported a 2% rise in assets under management to 536.3 billion pounds on Thursday, boosted by modest inflows across all of its business divisions.

Client cash managed in its asset management unit also increased by around 9 billion pounds to 469.5 billion pounds over the three months to end-September, while assets managed by its solutions business rose to 179.4 billion pounds, from 175.2 billion pounds in July.

The money manager saw half-year profits to end-June fall by 10% after the pandemic sparked heavy outflows from mutual funds.

(Reporting By Sinead Cruise; Editing by Dhara Ranasinghe)