May net inflows fall slightly at St James's Place
St James's Place
849.00p
16:40 03/01/25
-0.53%
-4.50p
Net inflows at wealth manager St James’s Place fell to £0.67bn in May amid market volatility caused by the coronavirus.
FTSE 100
8,223.98
16:59 03/01/25
n/a
n/a
FTSE 350
4,534.15
16:54 03/01/25
n/a
n/a
FTSE All-Share
4,490.88
17:14 03/01/25
n/a
n/a
Life Insurance
5,483.20
16:54 03/01/25
-0.92%
-51.08
The figured compared with £0.73bn a year earlier. Funds under management benefited from positive net inflows and the continuing recovery of world stock markets to end the month at £112.6bn, the company said on Tuesday.
“We remain encouraged by the inflows we are continuing to experience and expect June gross inflows to be similar to May, though the short to medium-term impact of COVID-19 and economic volatility on our flows remains uncertain," said chief executive Andrew Croft.