Schroders sees profits increase in first quarter

Schroders achieved a rise in pre-tax profits in the first quarter boosted by growth in assets under management (AuM).

Schroders achieved a rise in pre-tax profits in the first quarter boosted by growth in assets under management (AuM).

The British fund manager's pre-tax profit came to £115m for the first three months of the year, up from the previous year's £95.5m, as net inflows rose to £5.6bn from £1.6bn. AuM increased to £236.5bn from ££250.8, including performance fees of £2.8m.

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