UPDATE 1-Schroders says first quarter assets under management up 7 pct

April 30, 2015 6:44 AM

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LONDON, April 30 (Reuters) - British fund manager Schroders said assets under management rose 7 percent in the three months to the end of March as it took in net new money from institutional and retail clients.

The positive first quarter for the country's biggest standalone asset manager by market capitalisation follows a forecast-beating 2014 and comes as investors pile into actively managed funds in the hope for market-beating returns.

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