July 27 (Reuters) - British asset manager Schroders (SDR.L) reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment and market volatility.
Schroders' assets under management fell to 726.1 billion pounds ($940 billion) in the six months to June 30, from 737.5 billion pounds at December-end.
The company generated 5.7 billion pounds in net new business, excluding joint ventures and associates.
In contrast, Jupiter Fund Management (JUP.L) jumped 14% to the top of the FTSE mid-cap (.FTMC) after it reported assets under management rose 2% to 51.4 billion pounds.
The fund manager saw "small" net inflows of 23 million pounds, helped by institutional client demand.
Persons:
Schroders, Calastone, Peter Harrison, Jefferies, James's, Peel Hunt, Eva Mathews, Savio D'Souza, Sinead Cruise, Sharon Singleton
Organizations:
Reuters, Bank of England, JPMorgan, Jupiter Fund, Peel, Thomson
Locations:
British, Bengaluru