EUROPE - Global asset manager Schroders has been ranked number one for cross border net sales in 2004 by research and data collection company, FERI Fund Market Information.

Schroders, which has recorded an estimated net sales of €6,774.1 million, in a study based on FERI’s database, comprising more than 30,000 managers.

Gavin Ralston, Schroders Head of Europe, commented: “More and more investors require flexible investment options – both domestically and internationally. Our ability to provide clients with a broad range of products across asset classes is a key driver of our sales growth.”

“We also find that clients appreciate our independence, and the fact that we are focused on asset management only.” Ralston also said.
Schroders is top sale in five or more countries.

He also said in a statement that growth prospects for Schroders were enhanced by a number of “industry trends”, such as the move towards third party distribution.

“Also, as a truly European manager, the ongoing liberalisation of pension markets throughout the continent presents a fantastic opportunity for Schroders” Ralston said.

Schroders said its global asset management company had £99.8bn (€145.7bn) under management as at 30th September 2004.

London-based FERI Fund told IPE the results of its study will be published on Friday.