Schroders nine-month AuM up 9%

Asset manager Schroders reported a jump in assets under management and administration in the first nine months of the year.

In a very brief trading update on Thursday, the group said assets under management and administration rose 9% to £430.2bn.

Meanwhile, assets in the asset management business rose to £375.5bn from £346.4bn, while assets in the wealth management arm increased to £44.1bn from £39.6bn.