UK asset manager Schroders said another net £6.3bn (€6.9bn) flowed into its funds in the last three months of last year, boosting its assets to £148.4bn at the end of December and helping it post a 12% rise in pre-tax profit for the full year.

Pre-tax profit at the fund manager was £137.5m, compared with £123.1m in 2008. Before exceptional items, pre-tax profit was £200.2m, down from £290.5m in 2008 but above the average of analyst estimates, compiled by the company, of £190m.