Schroders’ AUM up by 21% – interim report

Schroders’ assets under management have reached £235.7bn in the first half of 2013, mid-year report says.

Profit before tax and exceptional items was up by 29%, for a total of £228m, compared with £177,4m in 2012.

Total net inflows were of £4.6bn, up by 67% compared with the same period in 2012 (£2.7bn), the report also showed.

Profit before tax and interim dividend were also up at the end of H1 2013, respectively of 25% – £221.7m compared with £117.4m in 2012, and of 23%, 16p per share compared with 13p per share in 2012.

Chief Executive Michael Dobson said: “We are pleased with these strong results and the overall performance of the firm, reflecting the benefits of our diverse, global business.

“Against a volatile background, we delivered competitive performance for clients, £4.5bn of net new business and a 29% increase in profit.”

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