Schroders posts 1.1 billion pound first quarter outflow
Schroders reported 1.1 billion pounds in net outflows for the first quarter. Geopolitical tensions in March offset strong momentum from earlier in the year.
SCHRODERS PLC, the prominent asset management group based in the United Kingdom, reported net outflows of 1.1 billion pounds ($1.49 billion) for the first quarter of the year. The firm noted that heightened tensions in the Middle East and general geopolitical uncertainty in March effectively neutralized the strong client momentum recorded during the first two months of the period.
Key details from the quarterly update include: - Total net outflows reached 1.1 billion pounds ($1.49 billion). - Geopolitical unrest in March offset gains from January and February. - The impact was primarily driven by regional instability and market volatility.
