Schroders, the FTSE-100 listed asset manager, said its profits rose by 13% to £215.7m in the first half of 2011 as its managed assets busted through the £200bn barrier, but new business momentum slowed and some analysts warned its stock looks over-valued compared to peers.

Following the results, which beat analysts' consensus expectations, Schroders was one of the top risers in the FTSE 100 this morning, up 1.3% to £1.31 a share as of 11:08am GMT. The firm reported assets under management up 4% during the first half, hitting £204.8bn at June 30.