Schroders predicts ‘favourable environment’ for active funds as assets reach new high

Schroders posted a 15% increase in assets under management last year, cementing its position as the UK’s largest listed fund manager.

Full year results for the FTSE 100 group, published on 4 March, show it pulled it net inflows of £42.5bn in 2020, with strong demand for its private assets, wealth management and solutions businesses helping to buoy assets under management to a record £574.4bn.

Profits before tax dipped just over 2% from last year to £610.5m.

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The asset manager has adopted an optimistic outlook, despite a challenging year for the fund management sector.

“Although political uncertainty has been reduced following the UK’s exit from the European Union and the transition of power in the US, the pandemic continues to pose macro-economic uncertainty and will provide an environment which is favourable for active investment decision-making,” Schroders said in its results.

Peter Harrison, chief executive of Schroders, added: “The strength of our investment performance showcases the benefits of active investment management and our ability to deliver good outcomes for our clients.

“I would like to thank our employees for their hard work and ongoing dedication to our clients which helped us to deliver a strong financial performance in 2020 despite the challenging environment.”

Last year Schroders overtook Standard Life Aberdeen as the UK’s largest listed fund house by assets under management. SLA, which oversees £512bn, reports full year results on 9 March.

To contact the author of this story with feedback or news, email David Ricketts

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