Skip to main navigation or content
Asset manager Schroders pushed third quarter pre-tax profits ahead by 53 per cent to £98.1m, despite a net outflow of funds under management.
Advertising
The lift in profits was achieved through a general shift away from low margin business to higher margin products, such as funds of hedge funds and multi-asset funds.
While institutional money has been withdrawn, the retail side, which makes up 60 per cent of assets under management, is still drawing in net investments. At 1,560p the shares remain good value.
Last IC view: Good value, 1,238p, 10 August 2007
The UK’s No.1 Stockbroker
Access a selection of share tips, comprehensive company analysis and full financial data on listed companies. Plus portfolio tools with advanced alerts when you register for free here.
Advertorial Feature
With so many big moves in the world's financial markets, there have seldom been more opportunities around for spread traders. Isn't it time you joined them?
by Dominic Piccarda
© The Financial Times Limited 2008. All rights reserved. "Investors Chronicle", "FT" and "Financial Times" are trademarks of The Financial Times Limited. No part of these web pages may be reproduced or transmitted to or stored in any other website or other form of electronic retrieval system, without prior permission in writing from the editor.
Warning: Do remember, particularly if you are new to stock market investment that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. The material here is for general information only and is not intended to be relied upon for individual investment decisions. Take independent advice before making such decisions. This site is aimed at UK residents only. To read more please see our Important Warning
-IC-1.5.4a-prod - 31/10/2008 13:11:34 - carlos.princz
