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Money Management

Schroders reports 3.1% AUM gain in third quarter

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Schroders reported its assets under management grew 3.1% over the three months and 11.9% over the 12 months ended Sept. 30, to £419.6 billion ($562.2 billion).

In an update Thursday, the money management firm said institutional assets grew to £247.4 billion, up 3.7% from three months earlier and up 11.5% from Sept. 30, 2016.

Schroders said in its full-year 2016 results it would no longer be publishing full financial results in the first and third quarters of the year.