Schroders sees “strong” start to year

Dividends growthSchroders reports net inflows of £5.1 billion (€7.1 billion) in the first quarter (Q1) of 2015.

Assets under management increased to £319.5 billion from £300 billion at the end of last year.

Michael Dobson, chief executive of the London-listed company, says Schroders had a strong start to the year and that this followed a strong 2014.

“Schroders’ strong performance in 2014 continued in the first quarter of this year, with profit before tax up 14% to £149.6 million and assets under management up 7% to £319.5 billion since the start of the year.”

Net revenue in asset management was £348.5 million, including performance fees of £1.7 million. These fees were lower then in Q1 last year, when the figure stood at £6.3 million.

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