UK fund manager Schroders hit by client withdrawals from China

UK fund manager Schroders hit by client withdrawals from China

FILE PHOTO: The logo of investment management company Schroders is seen at a branch in Zurich, Swtzerland November 5, 2018. REUTERS/Arnd Wiegmann/File Photo

British fund manager Schroders reported 7.4 billion pounds ($9.8 billion) of net outflows in the first quarter on Thursday, as customers withdrew cash from its joint venture funds in China.

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