St James's Place reports net inflows jump 42% in Q3; Unveils new Japan fund

Strong results for Q3

Wealth manager St James's Place has reported year-to-date net inflows are up 41% at £6.7bn compared to the same period last year, while also confirming enhancements to its fund range including a new Japan product run by Nippon Value Investors.

In a strong set of quarterly results to the end of September 2017, the group said gross inflows were 28% higher at £3.6bn while net inflows jumped 42% to £2.4bn, compared with the same period last year. Group funds under management of £86bn are up 14% since the beginning of the year and 20% over the last 12 months. David Bellamy, chief executive, commented:  "Looking ahead, whilst political and macro uncertainties persist, we are confident in the scale and quality of our relationship-based approach to the management of our clients' financial affairs. "This, together with the breadt...