Pound's Brexit slump gives lift to Schroders

Comments Off on Pound's Brexit slump gives lift to Schroders

SCHRODERS, one the UK’s biggest fund managers, benefited from the slump in the pound despite some UK investors sitting on the sidelines amid fears about the economy. 

It today said assets under management rose to £375 billion  from £294.8 billion, flattered by the drop in the pound. UK armchair investors were more nervous after the Brexit vote, with many pulling out of stock markets. 

“They’re more risk-off, not least because of more inflation in the pipeline. That is causing uncertainty,” chief executive Peter Harrison said.  

Intermediary, the part of the business offering funds through IFAs and banks, saw net outflows of £2.2 billion in the nine months ending September. Sales to pension funds offset that, at £5.4 billion.

Source Article from http://www.standard.co.uk/business/pound-s-brexit-slump-gives-lift-to-schroders-a3386531.html

November 4, 2016 |
Copyright © 2018 LondonBusinessLink.co.uk. All Rights Reserved. LondonBusinessLink.co.uk
WordPress Directory Theme

Classified Ads Software

We use cookies to ensure that we give you the best experience on our website.
More about our cookies
Skip to toolbar