Bringing you live news and features since 2006 

Schroders sees profit rise 29 per cent in first half of 2013

RELATED TOPICS​

Schroders has reported an increase in profit before tax and exceptional items for the half-year ended 30 June 2013 of 29 per cent to GBP228.0m, from GBP177.4m in the first half of 2012.

 
Profit before tax is up 25 per cent to GBP221.7m (H1 2012: GBP177.4m), while the interim dividend is up 23 per cent to 16.0 pence per share (interim dividend 2012: 13.0 pence per share).
 
Net inflows are up 67 per cent to GBP4.5bn (H1 2012: GBP2.7bn), and assets under management are up 21 per cent to GBP235.7bn (30 June 2012: GBP194.6bn).
 
Michael Dobson, Schroders chief executive, says: “We are pleased with these strong results and the overall performance of the firm, reflecting the benefits of our diverse, global business. Against a volatile background, we delivered competitive performance for clients, GBP4.5bn of net new business and a 29 per cent increase in profit.
 
“We are confident that the additions of Cazenove Capital in the UK and STW Fixed Income in the US will strengthen our offerings for clients and create value for shareholders.
 
“We continue to see good long-term growth prospects and this is reflected in the 23 per cent increase in our interim dividend.”

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by