Schroders sees inflows of £17.9bn in H1 2021

The firm saw some £6.4bn net new business in mutual funds, while Schroders Capital generated inflows of £2.9bn as demand for private assets grew, and joint ventures and associates contributed £7.4bn to net flows. This helped AUM, including joint ventures and associates, to surpass £700bn, marking a 6% increase over the six-month period to 30 June 2021. Profit before tax was up 33% to £373.9m, though total operating costs before exceptional items were also higher than during the same period last year, £837m versus £697.7m. In terms of demand, interest in mutual funds was on the rise...