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Schroders' total AUM reaches £450.8B at September-end

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Schroders' total AUM reaches £450.8B at September-end

U.K. asset manager Schroders PLC's total assets under management amounted to £450.8 billion at Sept. 30, up from £407.2 billion as of Jan. 1.

Assets in the company's asset management unit rose to £398.8 billion at the end of the third quarter from £363.5 billion at Jan. 1, with institutional assets increasing over the period to £268.8 billion from £242.3 billion and intermediary assets to £130.0 billion from £121.2 billion.

Wealth management assets rose to £52.0 billion at the end of September from £43.7 billion at the start of the year.