Schroders plc Full-year Results 2020
PRESS RELEASE - 04/03/2021
- Our diversified business model has enabled us to deliver a strong financial performance in 2020, despite the challenging environment, with profit before tax and exceptional items of £702.3
- We delivered strong investment performance [1] with 75% of assets outperforming over one year, 72% over three years and 81% over five years, demonstrating the value of active investment management for clients.
- We generated net flows of £42.5 billion and assets under management increased 15%, up from £500.2 billion in 2019, to a record high of £574.4 billion.
- We delivered growth through our strategy, as we rebalanced the Group towards Private Assets & Alternatives, Wealth Management, Solutions and the United
- Our partnerships, predominantly in Asia, generated a further £12.4 billion of net inflows which increased the total net flows to £54.9 Assets under management including our partnerships reached £663.0 billion.
Peter Harrison, Group Chief Executive, commented: “The strength of our investment performance showcases the benefits of active investment management and our ability to deliver good outcomes for our clients. I would like to thank our employees for their hard work and ongoing dedication to our clients which helped us to deliver a strong financial performance in 2020 despite the challenging environment.
Assets under management increased 15% to reach a record high of £574.4 billion. We generated net inflows of £42.5 billion with strong demand in our Private Assets, Wealth Management and Solutions businesses. These higher growth areas now account for 54% of our assets under management. Our geographic diversification continued with our US business reaching a milestone of more than $100 billion of assets under management. We also continued to expand in Asia through our growing network of partnerships which contributed strongly to the Group in 2020.
I am proud of our continued progress in building a leading position in sustainability and impact investing. We now incorporate ESG factors into decision-making across our investment range. This fulfils a commitment we made in 2019. De-carbonisation is a critical issue. We are focused on supporting companies in their transition to net zero.
We are confident that our diversified business model will continue to generate value for all our stakeholders.”
[1] Please refer to page 6 of the full press release for more information about client investment performance.
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