Schroders on Thursday reported its assets under management totaled £164 billion ($260 billion) as of June 30, 11% higher than six months earlier and up 45% from a year ago.
Schroders’ first-half 2010 earnings statement also showed net income climbed to £136.9 million, or 47.5 pence a share, from £19.5 million, or 7 pence, a year earlier. Net inflows increased ninefold to £16.1 billion.
The bulk of the new money came from clients outside the U.K., led by Asian and European investors, CEO Michael Dobson said in an interview.
“We have a good pipeline of forward business,” Mr. Dobson said. “We are seeing a continued slowdown from retail investors but the institutional business remains well positioned. If we see this bounce in the markets of the last few weeks continue, you will begin to see retail investors come back.”
