Schroders shares tumble after fund manager reports outflows
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Schroders, a U.K. fund manager, experienced a decline in its share price following the announcement of fund outflows in the third quarter, with expectations of further outflows in the fourth quarter.
November 05, 2024 | 12:30 pm
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Schroders' shares fell due to reported fund outflows in Q3, with more expected in Q4, indicating potential revenue challenges.
The announcement of fund outflows directly impacts Schroders' revenue and investor sentiment, leading to a decline in share price. The expectation of further outflows in Q4 suggests continued financial pressure.
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