Schroders assets under management reaches record high

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UK fund manager Schroders said assets under management rose to a record $458.7bn in the first half of the year, after net inflows more than offset a muted market performance.

Reuters reports that the company said it had net inflows of $8.11bn in the period, against $7.6bn in the year earlier period. That trend had continued into July and it also had a good pipeline of institutional business yet to be funded.

Retail investor demand, however, was uncertain given the lack of a clear trend in markets, it said in a statement on Thursday.

'Against a background of quieter markets and some slowdown in investor demand following the strong performance of 2013, Schroders produced satisfactory results in the first half of 2014', the company said.

To access the complete Reuters article hit the link below:

Schroders assets under management rise to record high in first-half

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