Skip navigation

Gloucestershire Business News

St James's Place funds continue to rise

Positive net inflows helped St James's Place increase its year-on-year funds under management in May.

The Cirencester-based wealth management company saw its funds under management reach £112.58billion - up from £105.83billion from 12 months earlier,

While net inflows across the month fell from £730million to £670million, the figure for the five months to May 31 rose from £3.71billion to £3.85billion.

Chief executive Andrew Croft said: "Despite the continuing challenges presented by COVID-19, gross flows in May were robust.

"Retention of existing client investments remains particularly strong.

"Funds under management benefited from both these positive net inflows and the continuing recovery of world stock markets."

He continued: "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."

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Thursday, July 29 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Thursday, July 29

The ongoing coronavirus situation is changing by the hour with announcements being made about businesses and services that are being forced to adapt and change.

'One Cathedral View' at The Forum hits the market Image

'One Cathedral View' at The Forum hits the market

The first commercial property advert has been published for The Forum development in Gloucester.

New Cheltenham store to open after £175,000 investment Image

New Cheltenham store to open after £175,000 investment

Cheltenham has been chosen as the latest location for one of the UK's fastest growing retailers.

The future of Gloucester according to business and city leaders Image

The future of Gloucester according to business and city leaders

A coalition of business and political leaders met for a Gloucester at a Crossroads webinar to discuss the future of Gloucester.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.