LONDON, July 28 Reuters It is too early to call an end to financial market falls driven by the Ukraine war, the chief executive of Schroders said on Thursday, as the British fund manager39;s shares hit sixweek highs on an uptick in assets under management.

Asset managers have been suffering from a drop in markets following the invasion of Ukraine, which Russia calls a special military operation, while high inflation has also forced savers to tighten their belts.

World stocks have fallen 10 since the start of the conflict in February, though they have moved above their lows in the past few days.

It39;s going to remain difficult, Peter Harrison told Reuters, pointing to the likelihood of a long war in Ukraine.

You39;re going to have sustained uncertainty on energy prices, inflation being more sticky, particularly in the UK. It took us five years to recover from 200708, we39;re not looking to call the turn.

Schroders39; shares jumped 4.5 to sixweek highs, making it one of the top performers in the FTSE 100, as the company bucked a trend for falling assets seen in other fund managers with a 1 rise in AUM to 773 billion pounds 941.51 billion in the first half.

KBW analysts described Schroders39; results as solid, reiterating their market perform rating on the stock.

The asset manager said it had seen appetite for higherreturning assets such as private equity, and also for its wealth management division.

It reported net inflows of 8.4 billion pounds, helped also by…