# St James’s Place robust gross flows in May

- Link: https://www.directorstalkinterviews.com/st-jamess-place-robust-gross-flows-in-may/412835482
- Published: 2020-06-23T07:28:50+01:00
- Author: Amilia Stone

**St. James’s Place plc **(LON:STJ), the wealth management group, has issued an 
update on new business inflows and funds under management for the month to 31 May
2020.

|   | **2020** | **2019** | 
|   | **£’Billion** | **£’Billion** | 
| Gross inflows for May | 0.98 | 1.24 | 
| Net inflows for May | 0.67 | 0.73 | 
|   |   |   | 
| Gross inflows for the five months to 31 May | 6.19 | 6.2 | 
| Net inflows for the five months to 31 May | 3.85 | 3.71 | 
|   |   |   | 
| Closing funds under management | 112.58 | 105.83 | 
|   |   |   | 
| Year-to-date funds under management retention rate (annualised) | 96.40% | 95.90% | 
| Year-to-date net inflows/opening funds under management (annualised) | 7.90% | 9.30% |

> **Andrew Croft, St James’s Place Chief Executive, commented:**
> “Despite the continuing challenges presented by COVID-19, gross flows in May were
> robust. Retention of existing client investments remains particularly strong, 
> providing for a net inflow for the month of £0.67 billion. Funds under management
> benefitted from both these positive net inflows and the continuing recovery of
> world stock markets, to end the month at £112.6 billion.
> 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.”

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