Funds under management (FUM) at St James Place (SJP) declined by £11bn, according to the firm's interim results for the six months ended 30 June 2022.
The group said its funds under management fell to £142.3bn in the first half of this year, down from £154bn at the end of 2021. In its results issued today (28 July), SJP also posted net inflows of £5.5bn. Pre-tax profit for the period reached £206m, compared to £121m in 2021, and an interim dividend of 15.59p per share will be paid, representing 30% of prior full year dividend, it said. This is up from 11.55p per share in 2021. Andrew Croft, CEO at SJP, said that significant reversals in global investment markets had impacted the firm's FUM. He added that although its FUM has fa...
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