Schroders PLC Reports Q1 Asset Decline
Schroders PLC has reported a decline in its assets under management (AUM) for the first quarter of £758.4 million, representing a decrease from previous periods. Net outflows for the quarter totaled £7.4 million, primarily driven by client withdrawals from equities and multi-asset funds amidst market volatility.
Key Financial Metrics
- Assets under management (AUM): £758.4 million (Q1)
- Net outflows: £7.4 million (Q1)
Notable Investment
Schroders has secured a significant investment from Ørsted, which has divested a 24.5% stake in its West of Duddon Sands Offshore Wind Farm to funds managed by Schroders Greencoat. The transaction value is reported to be £456.1 million.
Stock Performance
The company’s stock price has fluctuated over the past year, with a recent high of £428.8 and a low of £283.4.
Transaction Details
- Ørsted divested a 24.5% stake in its West of Duddon Sands Offshore Wind Farm to Schroders Greencoat funds
- Transaction value: £456.1 million