Schroders posts £5.4 billion net inflows in third quarter

Schroders has posted £5.4 billion of net inflows in the third quarter of 2010.

The inflows consisted of £3.7 billion into its institutional range, £800m into its retail range and £900m into the private banking offering.

Schroders has now recorded £21.5 billion of inflows in the first nine months of 2010, with 79% of assets coming from outside of Britain. This compares to £8.7 billion of inflows in the first nine months of 2009. (article continues below)

Total funds under management have now reached a high of £181.5 billion.