Schroders, the UK-listed fund management firm, has stemmed its loss of institutional business to £2.5bn (€3.6bn) in the half year to the end of June, down from total outflows of £4.4bn in the same period last year.

The loss of UK business worth £1.8bn was primarily due to a loss of balanced mandates which comprise just 7% of group funds under management, far below the proportion registered five years ago.