Schroders AuM falls, Jupiter posts rise

27th Jul 2023 08:22

(Sharecast News) - UK asset manager Schroders on Thursday said first-half assets under management fell due to market volatility, but rival Jupiter posted a rise in assets.

Schroders AuM fell to £726.1bn in the half-year to June 30, from £737.5bn at the end of last December, while generating £5.7bn in net new business.

Rival Jupiter Fund Management's assets under management rose 2% to £51.4b, with net inflows of £23m driven by institutional client demand.

It also announced an ordinary dividend of 3.5p and a special dividend of 2.9p per share, payable in September.