Schroders chief executive Michael Dobson said today that the asset manager was seeing slower growth in retail fund flows so far this year, after registering some of its highest inflows ever in 2010 that helped triple net profit in the year.

Dobson told Dow Jones Newswires that retail investors are being more cautious, while institutional fund flows have continued to be strong. He said the fund manager isn't seeing a big shift out of emerging markets into developed markets, a trend that has been seen in some broader industry fund flow data in recent months.