News
Third quarter interim management statement
RECORD THIRD QUARTER NEW BUSINESS
AND FUNDS UNDER MANAGEMENT
St. James's Place plc ("SJP"), the wealth management group, today issues its interim management statement for the three months ended 30 September 2009.
Highlights for the three months are:
New Business
- Total new business on an APE basis of £104.6 million (2008: £101.9 million), up 3%
- Total single investments of £834.8 million (2008: £743.8 million), up 12%
- Manufactured new business on an APE basis of £95.7 million (2008: £85.7 million), up 12%
- Our own manufactured business represents 91% of new business
Funds Under Management
- Net inflow of funds under management of £600 million (2008: £500 million)
- Continue to retain over 95% of existing clients’ funds
- Funds under management of £20.3 billion, up £3.4 billion over the three months
David Bellamy, Chief Executive, commented:
“We are very pleased that we have returned to growth in the third quarter and in particular with the strong performance in our manufactured business and the growth in investment business.
“Funds under management have exceeded £20 billion for the first time, which is a testament to the strength of the relationship between our advisers and their clients, as well as our approach to investment management.
“The strong recovery in the world stock markets and improving investor confidence, together with the continuing growth in the Partnership underpin our longer term growth target.”
The details of the announcement are attached.
Enquiries:
| David Bellamy, Chief Executive |
Tel: 020 7514 1963 |
| Andrew Croft, Group Finance Director |
Tel: 020 7514 1963 |
| Tulchan Communications Group Ltd |
Tel: 020 7353 4200 |
| John Sunnucks/Mal Patel |
|
View the full press release.
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