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Schroders AUM reaches record high

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Schroders AUM reaches record high

SchrodersPlc reported first-quarter pretax profit of £137.9 million, downfrom £141.7 million a year ago.

Net inflows totaled £2.7 billion in the quarter, compared to£5.1 billion a year ago, helping push AUM to a "record" £324.9billion at the end of March from £313.5 billion at the end of 2015, CEO PeterHarrison noted.

The group's first-quarter net revenue increased to £411.7million from £410.2 million a year earlier. The asset management unit accountedfor £349.9 million of the total, down from £350.1 million a year ago. Thewealth management arm booked net revenue of £52.0 million for the period,compared to £52.2 million a year earlier.