Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

SJP readies two funds after 42% increase in inflows

SJP readies two funds after 42% increase in inflows

St James’s Place will be launching two new funds in November following a strong third quarter for the company recording a 42% rise in inflows.

The company will launch a Japanese fund, managed by Yoshihiko Ito of Nippon Value Investors, based in Tokyo. In addition the new global growth fund that will be launched will comprise the investment strategies of Magellan, EdgePoint, Sands Capital and Select Equity Group, all current managers.

St James’s Place has recorded £2.36 billion in net inflows over the three months to 30 September driving group funds under management to £85.7 billion, up from £71.4 billion during the same period in 2016.

The net inflows are 42% higher year-on-year, with year to date inflows standing at £6.7 billion.

Funds under management have been boosted by inflows into the company's pensions business, some £1.35 billion. 

The discretionary fund management, unit trust and ISA business saw net inflows of £770 million in Q3. 

Included within the DFM business is £1.96 billion FUM and net inflows of £290 million in relation to the Rowan Dartington Group.

David Bellamy (pictured), who is due to step down as chief executive at year end, said: ’The globally diverse range of funds and portfolios we offer, continues to serve our clients well. As well as maintaining our current investment offering, we strive continually to offer appropriate breadth of choice and a diversified range of funds to meet their long-term investment objectives.

‘To this end, we recently announced the launch of two new funds, changes to the personnel responsible for some of our existing funds and the introduction of a new Strategic Growth Portfolio. The appointment of Nippon Value Investors, to manage the new Japan fund, takes to 29 the number of managers available exclusively to St James's Place clients within the UK retail market.’   

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play CEO Tapes: dangerous data and great technology

CEO Tapes: dangerous data and great technology

In the third part of our latest series the debate turns to technology and the huge impact it is having on the fund management industry.

1 Comment Play Quilter CEO on IFAs, robos & his own DB transfer

Quilter CEO on IFAs, robos & his own DB transfer

In the final part of our interview with Paul Feeney, the Quilter chief executive declares that the government has 'left the ring' on savings policy, rounds on robo-advice, and reveals his own experience of the DB transfer market.

Play CEO Tapes: ESG - we need to get better at the 'G'

CEO Tapes: ESG - we need to get better at the 'G'

In the second part of our CEO series, we explore the burgeoning ESG concept with fund bosses outlining how they try to make a difference.

Read More
Wealth Manager on Twitter