St. James's Place PLC Q1 New Business Inflows and Funds Under Management (6010X)
2023年4月27日 - 3:00PM
ＲＮＳを含む英国規制内ニュース （英語）
TIDMSTJ
RNS Number : 6010X
St. James's Place PLC
27 April 2023
-1-
PRESS RELEASE
27 April 2023
ST. JAMES'S PLACE DELIVERS ANOTHER RESILIENT NEW BUSINESS
PERFORMANCE
St. James ' s Place plc ('SJP') today issues an update on new
business inflows and funds under management for the three months
ended 31 March 2023.
Q1 2023 Q1 2022
----------- -----------
GBP'Billion GBP'Billion
------------------------------------------------------- ----------- -----------
Gross inflows 4.17 4.73
Net inflows 2.00 2.91
Closing funds under management 153.62 151.25
Funds under management retention rate (full year) (1) 95.9% 96.6%
Net inflows/opening funds under management (full year) 5.4% 7.6%
------------------------------------------------------- ----------- -------------
1 Excluding regular income withdrawals and maturities
Andrew Croft, Chief Executive Officer, commented:
" I am pleased to announce another good quarter for St. James's
Place, with our advisers attracting GBP4.17 billion of new client
investments to the business. While lower versus a very strong first
quarter outturn in 2022, these gross inflows represent growth
against the final quarter of last year. Retention has remained
strong, supporting a further GBP2.00 billion of net inflows and
contributing to funds under management closing the period at
GBP153.62 billion . This outcome for both gross and net flows is
testament to the scale of ongoing demand for trusted face-to-face
advice, the long-term nature of our client proposition and the
strength of adviser-client relationships in all environments.
We have begun 2023 much as we expected, so if macroeconomic
indicators and consumer sentiment show further signs of recovery,
we continue to anticipate a more supportive environment for new
business as 2023 unfolds."
The details of the announcement are attached.
-2-
Enquiries:
Hugh Taylor, Director - Investor Relations Tel: 07818 075143
Jamie Dunkley, External Communications Director Tel: 07779 999651
Brunswick Group: Tel: 020 7404 5959
Eilis Murphy Email: sjp@brunswickgroup.com
Charles Pretzlik
Contents
1. Funds under management
2. Analysis of funds under management
3. EEV net asset value per share
1. Funds under management
Investment Pension UT/ISA and DFM Total
------------------------------------------------------ ----------- ----------- -------------- -----------
Three months ended 31 March 2023 GBP'Billion GBP'Billion GBP'Billion GBP'Billion
------------------------------------------------------ ----------- ----------- -------------- -----------
Opening FUM 33.29 73.86 41.22 148.37
Gross inflows 0.59 2.43 1.15 4.17
Net investment return 0.69 1.74 0.82 3.25
Regular income withdrawals and maturities (0.14) (0.47) - (0.61)
Surrenders and part-surrenders (0.43) (0.41) (0.72) (1.56)
------------------------------------------------------ ----------- ----------- -------------- -----------
Closing FUM 34.00 77.15 42.47 153.62
------------------------------------------------------ ----------- ----------- -------------- -----------
Net inflows 0.02 1.55 0.43 2.00
Implied surrender rate as a percentage of average FUM 5.1% 2.2% 6.9% 4.1%
------------------------------------------------------ ----------- ----------- -------------- -----------
Included in the table above is:
-- Rowan Dartington Group FUM of GBP3.35 billion at 31 March
2023, gross inflows of GBP0.12 billion for the quarter and outflows
of GBP0.05 billion.
-- SJP Asia FUM of GBP1.53 billion at 31 March 2023, gross
inflows of GBP0.04 billion for the quarter and outflows of GBP0.03
billion.
-3-
Investment Pension UT/ISA and DFM Total
------------------------------------------------------ ----------- ----------- -------------- -----------
Three months ended 31 March 2022 GBP'Billion GBP'Billion GBP'Billion GBP'Billion
------------------------------------------------------ ----------- ----------- -------------- -----------
Opening FUM 35.95 74.83 43.21 153.99
Gross inflows 0.63 2.53 1.57 4.73
Net investment return (1.15) (2.80) (1.70) (5.65)
Regular income withdrawals and maturities (0.08) (0.42) - (0.50)
Surrenders and part-surrenders (0.38) (0.39) (0.55) (1.32)
------------------------------------------------------ ----------- ----------- -------------- -----------
Closing FUM 34.97 73.75 42.53 151.25
------------------------------------------------------ ----------- ----------- -------------- -----------
Net inflows 0.17 1.72 1.02 2.91
Implied surrender rate as a percentage of average FUM 4.4% 2.0% 5.1% 3.4%
------------------------------------------------------ ----------- ----------- -------------- -----------
Included in the table above is:
-- Rowan Dartington Group FUM of GBP3.42 billion at 31 March
2022, gross inflows of GBP0.13 billion for the quarter and outflows
of GBP0.04 billion.
-- SJP Asia FUM of GBP1.56 billion at 31 March 2022, gross
inflows of GBP0.08 billion for the quarter and outflows of GBP0.02
billion.
2. Analysis of funds under management
The table below provides a geographical and investment-type
analysis of FUM at 31 March.
31 March 2023 31 March 2022
-------------------------- ----------------------- -----------------------
Percentage Percentage
GBP'Billion of total GBP'Billion of total
-------------------------- ----------- ---------- ----------- ----------
North American equities 49.3 32% 45.9 30%
Fixed income securities 24.0 16% 25.2 17%
European equities 21.9 14% 19.7 13%
Asia and Pacific equities 18.9 12% 17.2 11%
UK equities 16.4 11% 20.5 13%
Alternative investments 12.4 8% 11.8 8%
Cash 5.6 4% 5.5 4%
Other 3.0 2% 2.8 2%
Property 2.1 1% 2.7 2%
Total 153.6 100% 151.3 100%
-------------------------- ----------- ---------- ----------- ----------
3. EEV net asset value per share
The net asset value on the European Embedded Value basis at 31
March 2023 was approximately GBP17.16 per share (cum div) and
approximately GBP16.79 per share after the payment of the proposed
full year dividend on 31 May 2023.
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END
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April 27, 2023 02:00 ET (06:00 GMT)
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