St. James's Place PLC said Tuesday that its performance in the five months ended May 31 has been stable, adding that it expects to report gross inflows in line with those of May for the month of June.
The FTSE 100 wealth management business said gross inflows fell to 980 million pounds ($1.2 billion) in May compared with GBP1.24 billion a year earlier. Net inflow fell to GBP670 million from GBP730 million, it added.
The company added that closing funds under management at the end of the month of May were GBP112.58 billion, up from GBP105.83 billion.
Regarding its five-month performance to May 31, St. James's Place said gross inflows fell 0.2% to GBP6.19 billion, while net inflows increased 3.8% to GBP3.85 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," Chief Executive Andrew Croft said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
"may" - Google News
June 23, 2020 at 01:36PM
https://ift.tt/2YoCVwr
St. James's Place upbeat for June after stable May - MarketWatch
"may" - Google News
https://ift.tt/3foH8qu
https://ift.tt/2zNW3tO
Bagikan Berita Ini
0 Response to "St. James's Place upbeat for June after stable May - MarketWatch"
Post a Comment