2021's trio of acquisitions has boosted Schroders' assets under management by 10%, pushing the figure to £732bn, up from £663bn last year, its annual results for last year have revealed.
Net new business grew to £35.3bn, at a rate of 5%, while profit before tax spiked 25% compared to 2020, climbing to £764.1m. The results reflect growth into private assets, according to the firm, as well as in alternatives and across its wealth management division and sustainability franchise. Schroders repurposes trio of funds to sustainable mandates AUM in private and alternative assets increased 16% year-on-year, ending the period at £53.7bn, compared to £46.1bn in 2020. Assets were boosted by three separate acquisitions announced in the fourth quarter of last year: River an...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
