Schroders PLC reported £69.1 billion ($132.7 billion) in institutional assets under management for 2004, reflecting £8.4 billion in net outflows and £8.5 billion in new institutional mandates, as U.K. institutions moved out of balanced mandates, according to a statement from the firm. The firm had £71.4 billion in institutional assets under management at end 2003.
Overall group assets under management grew 6.8% for 2004 to £105.6 billion, due to a 26% increase in retail funds under management, to £30.2 billion.
