(Reuters) -British asset manager Schroders (LON:SDR) posted a fall in assets under management for the third quarter on Thursday, pulled down by weak investor sentiment amid volatile market conditions.
Major central banks around the world have hiked interest rates to contain runaway inflation.
Bank of England Governor Andrew Bailey said last week that monetary policy will continue to be restrictive.
Schroders' assets under management fell to 724.3 billion pounds ($877.63 billion) by Sept. 30, from 726.1 billion pounds at the end of June.
Investment platform Hargreaves Lansdown (LON:HRGV)'s quarterly update on Thursday also pointed to signs of weak investor confidence as the pace of client addition slowed.
Earlier this week, rival St. James's Place said quarterly funds under management rose but net inflows halved from a year earlier.
Smaller rival Jupiter Fund Management reported a fall in its third-quarter assets under management, citing muted retail investor appetite.
($1 = 0.8253 pounds)