Assets under management ended last month at £536.3bn, up £10.5bn or 2% since the end of June.
The FTSE 100 firm’s asset management arm provided £9.4bn of the growth, with the wealth management business growing assets by £1.1bn.
This followed 5% growth in AUM in the first half of 2020, where challenging market conditions led to the asset management arm winning business at lower revenue margins.
Thursday’s very short statement from the family owned group showed only the level of assets growth in the past quarter, with the larger Institutional and Solutions sections providing the biggest contributions, though Mutual Funds and Private Assets & Alternatives were both higher.
Schroders shares fell 3% to 2,707p by mid-morning on Thursday.
Analysts at broker Shore Capital said they did not expect to change their current full-year forecasts for closing AuM of £544bn.
"While we don’t expect any dividend growth in our explicit three-year forecast period, neither would we expect a cut given the rock solid balance sheet," they added, noting that on that basis the prospective yield is 4.1% on the current 114p payout forecast.
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