The alternatives and private assets business was responsible for over half of Schroders’ total net new business over H1 2022, while mutual funds struggled with market sentiment.
According to its half year results, Schroders recorded net inflows of £8.4bn, with private assets and alternatives adding £4.8bn to the total, behind only its solutions business, which added £6.3bn, benefiting strongly from this year's acquisition of River and Mercantile's solutions arm. Wealth Management also boosted the group's inflows, adding £3.8bn. Schroders CEO Harrison: 'The biggest industry in the history of mankind has yet to be built' Mutual funds suffered from widespread negative market sentiment, losing £2.9bn to net outflows over the past six months, while institutiona...
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