Schroders annual profit surges on mutual funds demand

British money manager Schroders (LON:SDR) reported a 19% jump in annual profit on Thursday, helped by stronger performance fees and growing client demand at its mutual funds division.

Profit before tax and exceptional items climbed to 836.2 million pounds ($1.12 billion) in 2021, from 702.3 million pounds a year earlier.

($1 = 0.7458 pounds)