Schroders suffered a fall in net fund inflows to £1 billion in the quarter to September, against £2.6 billion during the same period in 2012 on the back of profit taking by investors.

The fall resulted from a decline in sentiment among European investors in the wake of a stock market wobble compared to the improvement taking place a year ago, according to a Schroders spokeswoman. It also reflected sales by Asian investors, she added.