Schroders hit by China market volatility and client losses, shares fall 12%
Schroders (SDR) shares fell over 12% to 319p in morning trading despite the fund management group reporting record total AUM (assets under management) of £777.4 billion for the nine months to 30 September.
There were positive net flows in the fund management group's wealth management division driven by advised business and continued momentum in Cazenove Capital.
AUM excluding joint ventures an...