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London-based asset manager Schroders PLC on Thursday reported a quarterly drop in assets under management.
In the company's third quarter to September 30, Schroders reported assets under management of £752.4 billion, down 2.7% from £773.4 billion in June, but up 5.0% year-on-year from £716.9 billion.
It noted that its Solutions funds fell by 8.9% in its third quarter to £205.5 billion from £225.7 million the quarter prior.
Shares in Schroders were down 0.1% to 377.89 pence each in London on Thursday morning.
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