St. James’s Place Q1 Inflows Down

St. James’s Place posted Q1 net inflows of £1.53 bn, down from £1.69 bn YoY, with gross inflows rising to £5.23 bn.
Funds under management grew to £216.94 bn, up from £188.59 bn a year earlier, but negative market movements of £4.60 bn reduced overall FUM.
Pension inflows fell to £1.01 bn while pension outflows surged to £1.95 bn, pressuring shares which dropped 5.8 % after results.
North American equities comprised 36 % of total FUM at quarter‑end, with fixed‑income securities representing 17 %.