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Schroders shares nosedive 14% on £10bn outflow warning
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According to data from LSEG, Schroders' share price is down 13.9% so far today, the sharpest drop since March 2020. In a trading statement today (5 November), the FTSE 100 firm said assets under management had reached a record-high of £777.4bn at the end of September, up from £773.7bn in the previous quarter. Net outflows, which included £2.6bn in redemptions from joint ventures and associates, were offset by £6bn in gains from market movements, foreign exchange, and investment performance. Excluding JVs, Schroders recorded £300m in net inflows for the quarter. Schroders expands gr...
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