UK - Schroders has put net institutional outflows of £2bn in the first half of the year down to the restructuring of its business towards "higher margin products" and the move from balanced to specialist mandates.
Despite the outflows, which were down from £4.5bn in the first half of 2004, Schroders saw institutional funds under management climb from £69.1bn at year end 2004 to £71.7bn at the end of June, re...
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