Schroders suffers £9.5bn net outflows in 2018

AUM dropped 6%

Schroders has reported net outflows of £9.5bn in 2018 as a result of negative investment sentiment from retail and institutional clients, which also led to a 6% drop in AUM to £421.4bn.

Outflows from institutional clients amounted to £6.6bn and intermediary funds saw withdrawals of £4.6bn during the period, while wealth management clients introduced net new business of £1.7bn, driven by strong flows within Benchmark Capital. Notified net new inflows for the year were £85bn. The total outflows are a major reversal of the previous year's figures, when the group took in a net £9.6bn in flows, and are a reflection of the difficult market conditions affecting sentiment in 2018. This market volatility also affected performance, with only 43% of the group's assets outper...