Schroders reports third-quarter outflows of £2.9bn

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SCHRODERS has seen net institutional outflows of £2.9bn over the last three months as it focuses on higher margin business, its latest trading update says.

The fund management firm said that funds under management at the end of September were £137.7bn compared to £137.6bn at the end of June. During the quarter it had net retail inflows of £1.5bn; p...

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