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Schroders Press Release Schroders plc Half - year results to 30 June 2021 ( unaudited ) 29 July 2021 We delivered strong results with profit before tax and exceptional items of £ 407.5 million in the first six months of 2021 . Client investment performance¹ remained strong with 87 % of assets outperforming their relevant comparator over one year , 75 % over three years and 82 % over five years , demonstrating the value of our active investment management approach . We generated net new business of £ 17.9 billion , as assets under management increased 6 % to a new high of £ 700.4 billion . Excluding joint ventures and associates , we generated net new business of £ 10.5 billion and assets under management reached £ 602.4 billion . Given the strong performance of the business , the Board has recommended an interim dividend of 37 pence per share , which represents a 6 % increase . Six months ended 30 June 2021 Six months ended 30 June 2020 Year ended 31 December Change 2020 £ m £ m £ m Net income Operating expenses 1,244.5 1,003.9 + 24 % 2,179.2 ( 837.0 ) ( 697.7 ) + 20 % ( 1,476.9 ) Profit before tax and exceptional items 407.5 306.2 + 33 % 702.3 Profit before tax 373.9 280.1 + 33 % 610.5 Profit after tax 304.6 222.7 + 37 % 486.0 Basic earnings per share before exceptional items ( pence ) 118.5 85.8 + 38 % 200.8 Basic earnings per share ( pence ) 107.7 78.7 + 37 % 172.4 Dividend per share ( pence ) 37.0 35.0 + 6 % 114.0 Peter Harrison , Group Chief Executive , commented : " The business performed strongly during the first half of the year , delivering a 33 % increase in profits . These results reflect the benefit of our organic growth initiatives , strong investment performance and our leadership position in sustainability . Assets under management reached a new high of £ 700 billion underpinned by demand for our higher margin equity focused mutual funds , especially from clients in the US and Continental Europe . Our investment teams delivered excellent investment performance for our clients again with 82 % of assets outperforming over five years . Providing our clients around the globe with investment solutions that meet their needs remains central to success . Markets have benefitted from a combination of low interest rates , quantitative easing and a belief that inflationary pressures are transitory . If these pressures persist , or indeed the recovery in economic growth disappoints , we would expect increased market volatility . We are confident our business will continue to generate value for our clients , shareholders and wider stakeholders . " 1 Please refer to page 6 for more information about client investment performance .