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| Schroders reports interim results UK fund firm Schroders plc issued an interim management statement covering the three months to 30 September 2009. Asset Management income for the quarter was £177.5 million (Q3 2008: £188.1 million), costs before exceptional items were £122.2 million (Q3 2008: £127.4 million) and profit before tax and exceptional items was £55.3 million (Q3 2008: £60.7 million). The result for the Group segment for the quarter was a loss before tax and exceptional items of £3.8 million (Q3 2008: loss £0.8 million). Funds under management at 30 September 2009 increased to £138.9 billion (30 June 2009: £113.3 billion) with £7.0 billion of net inflows in the quarter across a broad range of products. Net inflows in Intermediary in the third quarter were £3.7 billion and £3.3 billion in Institutional. For the nine months, net inflows were £6.2 billion in Intermediary and £2.4 billion in Institutional. Net inflows for the nine months in Private Banking were £0.1 billion. Overall, net inflows for the nine months were £8.7 billion. Net inflows have continued to be good since the quarter end. write your comments about the article :: © 2009 Construction News :: home page |