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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.’   

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