LONDON (Reuters) - British investment manager Schroders (SDR.L) reported a 0.7 percent increase in third-quarter assets under management, as growth in institutional assets more than offset a fall in those managed for retail clients.
Total assets under management at the end of September were 439.1 billion pounds from 435.7 billion pounds on Jan. 1, it said in a statement. Institutional assets rose 1.7 percent, while retail assets fell 1.4 percent.
Global markets have been roiled in recent weeks as trade and political tensions and concern around the impact of rising U.S. rates acted to dampen investor sentiment, leading to a mixed earnings season asset managers.
Unlike its peers, Schroders does not disclose how its assets under management were impacted by market moves or the decision of clients to invest or withdraw their cash. It also gives no quarterly commentary on the market outlook.
At 0929 GMT, shares in Schroders were down 1.7 percent in a flat broader market.
($1 = 0.7612 pounds)
Reporting by Simon Jessop, editing by Maiya Keidan and Louise Heavens