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Schroders recovers from Buxton departure to boost profits

In a note to investors, Barclays Capital analysts Daniel Garrod and Toni Dang said improving flow momentum meant the fund manager was in a strong position for the rest of 2014 and rated overweight.

The analysts said increasing group flows – which rose from £1bn during the third quarter of 2013 to £2.4bn in the fourth quarter – were continuing into 2014.

In the same period, retail flows grew from just £0.1bn to £2bn, the analysts said.

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The claims follow Schroders’ report of a 24 per cent increase in profits, to £446m, for 2013. The manager’s assets under management have grown to £30bn, fuelled by its acquisition of Cazenove last July.