St James's Place (STJ) continued its strong run in gaining new business during the third quarter, generating better-than-expected net inflows of £1.7bn. This builds on the £3.1bn achieved during the first six months of the year, bringing total funds under management to £71.4bn.
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The fact the quarter fell between the referendum and Theresa May's first 'Brexit' planning speech makes the wealth manager's performance all the more impressive. The group also managed to achieve net investment returns of £4.2bn. Around half its assets are split almost evenly between UK and North American equities, with fixed income investments making up 16 per cent of the portfolio.
