St. James's Place PLC Q1 New Business Inflows and Funds under Management (9677W)
2021年4月29日 - 3:00PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMSTJ
RNS Number : 9677W
St. James's Place PLC
29 April 2021
-1-
ST. JAMES'S PLACE plc
27 St. James's Place, London SW1A 1NR
Telephone 020 7493 8111
PRESS RELEASE
29 April 2021
ST. JAMES'S PLACE WEALTH MANAGEMENT
RECORD FLOWS AND POSITIVE INVESTMENT RETURNS
TAKE FUNDS UNDER MANAGEMENT TO GBP135 BILLION
St. James's Place plc ("SJP"), the wealth management group,
today issues an update on new business inflows and funds under
management for the three months ended 31 March 2021.
Q1 2021 Q1 2020
GBP'Billion GBP'Billion
Gross inflows 4.79 4.04
Net inflows 2.90 2.37
Closing funds under management 135.46 101.67
Funds under management retention rate (full year) 95.8% 95.4%
Net inflows/opening funds under management (full
year) 9.0% 8.1%
Andrew Croft, Chief Executive, commented:
"I'm pleased to announce a record quarter for St. James's Place.
The moderate growth in new business that we saw in the early weeks
of 2021 gathered pace through the quarter as confidence improved
and clients sought to commit accumulated savings to longer-term
investments. This, together with strong activity linked to tax
year-end planning, resulted in an exceptional new business
performance in March bringing gross inflows for the quarter to
GBP4.79 billion, 19% higher than the corresponding period last
year. With retention of our client investments remaining strong,
net inflows for the period were up 22% at GBP2.90 billion,
representing 9% of opening funds under management on an annualised
basis. The combination of strong flows, together with positive
investment market returns, took total funds under management to
GBP135.46 billion, up circa 5% since the beginning of the year.
These results demonstrate once again the unerring commitment of
the Partnership and our entire community to ensuring clients
receive the highest quality advice and service. Although COVID-19
restrictions and economic uncertainty continue, the demand for
trusted advice is stronger than ever and I am confident that, given
the quality of the Partnership and the strength of our client
proposition, we are well placed to deliver another good year for
St. James's Place."
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The details of the announcement are attached.
Enquiries:
Tony Dunk, Director - Investor Tel: 07831 426216
Relations Tel: 07818 075143
Hugh Taylor, Director - Investor
Relations
Jamie Dunkley, External Communications Tel: 07779 999651
Director
Brunswick Group: Charles Pretzlik/Ellis Tel: 020 7404 5959
Murphy
Email: sjp@brunswickgroup.com
Notes to Editor:
St. James's Place will be hosting a virtual Capital Markets Day
for shareholders and analysts on the afternoon of 26 May 2021, from
15:00 - 18:00 BST. An agenda and invitation to register for the
event will be circulated on 12 May 2021.
Contents
1. Funds under management
2. Analysis of funds under management
3. Gross inflow figures
4. EEV Net Asset Value per Share
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1. Funds under management
Three months ended 31 March 2021 Investment Pension UT/ISA & DFM Total
GBP'Billion GBP'Billion GBP'Billion GBP'Billion
Opening funds under management 32.22 61.31 35.81 129.34
Gross inflows 0.58 2.69 1.52 4.79
Net investment return 0.80 1.52 0.90 3.22
Regular income withdrawals and maturities (0.08) (0.41) - (0.49)
Surrenders and part surrenders (0.42) (0.36) (0.62) (1.40)
------------ ------------ ------------- ------------
Closing funds under management 33.10 64.75 37.61 135.46
============ ============ ============= ============
Net inflows 0.08 1.92 0.90 2.90
============ ============ ============= ============
Implied surrender rate as a percentage of
average funds under management 5.1% 2.3% 6.8% 4.2%
Rowan Dartington Group FUM was GBP2.98 billion at 31 March 2021,
gross inflows were GBP0.13 billion for the quarter and outflows
were GBP0.05 billion. SJP Asia FUM was GBP1.28 billion at 31 March
2021, gross inflows were GBP0.10 billion for the quarter and
outflows were GBP0.02 billion.
Three months ended 31 March 2020 Investment Pension UT/ISA & DFM Total
GBP'Billion GBP'Billion GBP'Billion GBP'Billion
Opening funds under management 31.22 52.84 32.93 116.99
Gross inflows 0.54 2.23 1.27 4.04
Net investment return (4.23) (8.11) (5.35) (17.69)
Regular income withdrawals and maturities (0.07) (0.35) - (0.42)
Surrenders and part surrenders (0.36) (0.32) (0.57) (1.25)
------------ ------------ ------------- ------------
Closing funds under management 27.10 46.29 28.28 101.67
============ ============ ============= ============
Net inflows 0.11 1.56 0.70 2.37
============ ============ ============= ============
Implied surrender rate as a percentage of
average funds under management 5.0% 2.6% 7.4% 4.6%
Rowan Dartington Group FUM was GBP2.32 billion at 31 March 2020,
gross inflows were GBP0.13 billion for the quarter and outflows
were GBP0.05 billion. SJP Asia FUM was GBP0.83 billion at 31 March
2020, gross inflows were GBP0.08 billion for the quarter and
outflows were GBP0.01 billion.
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2. Analysis of funds under management
The following table provides an analysis of the funds under
management at 31 March split by geography and asset type:
31 March 2021 31 March 2020
GBP'Billion % of total GBP'Billion % of total
North American Equities 36.1 27% 21.6 21%
Fixed Interest 22.4 17% 18.5 18%
Asia and Pacific Equities 20.1 15% 11.8 12%
UK Equities 19.2 14% 15.7 16%
European Equities 14.8 11% 11.6 11%
Alternative Investments 10.9 8% 9.1 9%
Cash 6.5 5% 7.5 7%
Property 2.4 2% 2.8 3%
Other 3.1 1% 3.1 3%
------------ ----------- ------------ -----------
Total 135.5 100% 101.7 100%
============ =========== ============ ===========
3. Gross inflow figures
Unaudited 3 months to 31 March
2021 2020
GBP'Billion GBP'Billion
Gross inflows
Investment 0.58 0.54
Pension 2.69 2.23
Unit Trust/ISA & DFM 1.52 1.27
---------------- ---------------
4.79 4.04 +19%
================ ===============
4. EEV Net Asset Value per Share
The net asset value on the European Embedded Value basis at 31
March 2021 was approximately 1,520 pence per share (cum div) and
approximately 1,482 pence per share after the payment of the
proposed full year dividend on 21 May 2021.
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END
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