Morningstar Direct’s fund flow estimates show Schroders’ assets under management increased by nearly 6% in the third quarter, with net inflows at a healthy 1.6%. Despite market share losses in public markets, the firm aims to grow through wealth and private markets, potentially reshaping its outlook with a fair value estimate of GBX 425 per share.

Schroders’ sale of SPW to Lloyds removes a problematic joint venture, allowing the firm to regain control of Cazenove Capital. This strategic move sheds a low-conviction JV for better growth prospects in wealth management, positioning Schroders for potential upside risk in the market.

Read more at Morningstar: Fund Flow Estimates Hints at an Upside Surprise