The net outflow of client funds for Schroder Investment Management fell to zero in the third quarter, while total funds under management fell 13.1% to £89.5bn (€140.6bn) due to the slump in equity markets.

The UK-listed investment manager's underlying asset management profits of £11.4m for the period to September weighed in marginally below expectations, but analysts were encouraged by the firm's display of financial stability. Following the disposal of a large part of its leasing assets, Schroders retains £700m of surplus capital.