St. James's Place plc (STJ.L) on Wednesday, in its update for the first quarter, said its gross inflows were 5.23 billion pounds, compared with 5.14 billion pounds last year. Net inflows slid to 1.53 billion pounds from 1.69 billion pounds a year earlier.
Closing funds under management stood at 216.94 billion pounds, versus 188.59 billion pounds last year, impacted by the decline in global markets.
Mark FitzPatrick, Chief Executive Officer, said: "I am pleased to report a good first quarter for SJP. Against a backdrop of heightened geopolitical uncertainty and market volatility in the run-up to the tax year end, we attracted gross inflows of £5.2 billion and achieved strong funds under management (FUM) retention of 95.3%. Together, these delivered net inflows of £1.5 billion. The decline in global markets during the quarter impacted our FUM, which closed the period at £216.9 billion."
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.