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Schroders suffers in ‘challenging’ environment as investors flee mutual funds
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fnlondon.comTough market conditions continue to batter leading asset managers, as Schroders becomes the latest major fund house to report sliding assets.
The UK-listed manager's mutual funds bled £2.9bn in net outflows over the first six months of 2022, reversing the net inflows of £6.4bn over the same period last year, according to the firm's half-year report, published on 28 July.
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