STJ St. James's Place Plc

TIDMSTJ

RNS Number : 6964Q

St. James's Place PLC

23 June 2020

ST. JAMES'S PLACE plc

27 St. James's Place, London SW1A 1NR

Telephone 020 7493 8111

PRESS RELEASE

23 June 2020

ST. JAMES'S PLACE WEALTH MANAGEMENT

FLOWS REMAIN ROBUST IN A CHALLENGING ENVIRONMENT

St. James's Place plc ("SJP"), the wealth management group, today issues an update on new business inflows and funds under management for the month to 31 May 2020.

 
                                                          2020          2019 
                                                   GBP'Billion   GBP'Billion 
 
 Gross inflows for May                                    0.98          1.24 
 Net inflows for May                                      0.67          0.73 
 
 Gross inflows for the five months to 31 
  May                                                     6.19          6.20 
 Net inflows for the five months to 31 
  May                                                     3.85          3.71 
 
 Closing funds under management                         112.58        105.83 
 
 Year-to-date funds under management retention 
  rate (annualised)                                      96.4%         95.9% 
 Year-to-date net inflows/opening funds 
  under management (annualised)                           7.9%          9.3% 
 
 

Andrew Croft, Chief Executive, commented:

"Despite the continuing challenges presented by COVID-19, gross flows in May were robust. Retention of existing client investments remains particularly strong, providing for a net inflow for the month of GBP0.67 billion. Funds under management benefitted from both these positive net inflows and the continuing recovery of world stock markets, to end the month at GBP112.6 billion.

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."

Enquiries:

 
 Tony Dunk, Director - Investor              Tel: 07831 426216 
  Relations                                   Tel: 07818 075143 
  Hugh Taylor, Director - Investor 
  Relations 
 Jamie Dunkley, External Communications      Tel: 07779 999651 
  Director 
 
   Brunswick Group: Charles Pretzlik/Eilis     Tel: 020 7404 5959 
   Murphy 
                                             Email: sjp@brunswickgroup.com 
 

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END

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