Schroders Plc. ADRGrey Market
Mon, Jul. 25, 4:31 AM
- The Brexit led to severe withdrawals at M&G, Schroders (OTCPK:SHNWY), Fidelity and Invesco (NYSE:IVZ) in June, as equity funds domiciled in Europe suffered their largest monthly redemptions since September 2011.
- Investors pulled at least €1B from the each of the four large investment groups, which are either based in the U.K. or have large hubs in the country.