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Schroders says first quarter assets up 5 percent to 416.3 billion pounds

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British fund manager Schroders said on Thursday that total assets under management and administration rose 5 percent in the three month to end-March to 416.3 billion pounds. Funds managed within its asset management unit rose 4.5 percent to 361.9 billion pounds, it said in a newly shortened first-quarter trading update.

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