UK asset manager Schroders said net inflows into its funds slowed in the second quarter, as market volatility kept retail investors on the sidelines.

Investors put a net £2bn into funds in the three months to June 30, down from £3.1bn in the first quarter. Along with performance gains, that resulted in a 4% rise in assets, to £204.8bn at June 30 from £196.7bn at December 31.