UK asset managers fall on Iran war-driven quarterly outflows

Premier Miton

16/04/2026 08:11

** Shares of UK-based wealth managers Ashmore Group ASHM.L down 4.7% at 211.6p, Schroders SDR.L flat and Premier Miton Group PMIP.L down 2.8% at 43p

** Schroders reports first-quarter net outflows of 1.1 billion pounds ($1.49 billion); Ashmore posts third-quarter outflows of $900 million and Premier Miton posts second-quarter net outflows of 443 million pounds

** "As tensions escalated in the Middle East, client sentiment shifted to a more risk-off stance amid heightened geopolitical uncertainty," says Schroders CEO Richard Oldfield

** "Geopolitical events interrupted some of the macro tailwinds supporting emerging markets, but the reaction across most asset classes has so far been manageable and with limited price dislocations," Ashmore CEO Mark Coombs says

** YTD, Schroders stock up ~ 42.3%, ASHM up ~25.8% and PMIP down ~18.1%

($1 = 0.7371 pounds)

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))