Asset Management

Schroders’ wealth push helps offset fall in funds business

Funds giant stays stable in rocky markets thanks to growth in advice business

London Wall-based Schroders and its asset management peers face significant headwinds of rising rates and inflation
London Wall-based Schroders and its asset management peers face significant headwinds of rising rates and inflation Photo: Corbis/Getty Images

Growth in Schroders' wealth business helped offset a drop off in asset management business at the fund house last quarter.

Investor money in the asset management side of the business dropped from £515.7bn to £511.4bn in the three months to 30 September, according to the latest figures.

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