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Schroders PLC - London-based wealth and asset manager - Assets under management decline by 2.6% to £758.4 billion on March 31 from £778.7 billion on December 31, due to £7.4 billion in net outflows and £12.9 billion in negative market, currency and investment performance. The net outflow is entirely due to £8.5 billion in net outflows from joint ventures and associates, which Schroders says reflects money market outflows in China. Within Schroders itself, Asset Management has neutral flows, while Wealth Management has £1.1 billion in net inflows. ‘In a challenging external environment, we are actively managing the areas of our business we can control, taking action on costs while continuing to invest in key areas of strength,’ says Chief Executive Richard Oldfield. ‘By simplifying, scaling and delivering effectively, we will return our business to profitable growth.’ Current stock price: 336.00 pence, up 2.3% in London on Thursday morning 12-month change: down 3.6% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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