Schroders posted a 15% increase in assets under management (AuM) last year, with growth in both in Asia and the US.
The UK’s largest asset manager attracted net £42.5 billion (€49.22 billion) of inflows, with demand across its private assets, wealth management, and solutions business driving AuM to a record £574.4 billion by the end of 2020.
These areas now account for 54% of its overall AuM, Schroders reported in its full-year results published on March 4.
It also saw assets under management in its US business reach the milestone of more than $100 billion, while AuM in Asia rose to £102.5 billion.
Through its partnerships, predominantly located in Asia, Schroders generated an additional £12.4 billion of net inflows pushing its AuM including partnerships to £663 billion.
“Although political uncertainty has been reduced following the UK’s exit from the European Union and the transition of power in the US, the pandemic continues to pose macro-economic uncertainty and will provide an environment which is favourable for active investment decision-making,” Schroders said in a statement.
"The group is increasingly balanced towards the higher growth areas of private assets and alternatives, solutions and wealth management.”
Over the past five years, assets under management within its private assets and alternatives business grew at a compound annual growth rate of 21% closing the year at £46.1 billion, up from $44.2 billion in 2019.
As of the end of 2020, the majority of Schroders’ assets were concentrated in the UK (£275.3 billion) followed by Asia Pacific (£102.5 billion).
© 2021 funds europe