Net inflows halve at St James's Place over 2023

Alternatives AUM dwindles as cash grows

Net inflows at St James’s Place halved over the course of 2023, with the figure falling from £9.8bn to £5.1bn.

Despite this, closing funds under management grew 13.4%, up to £168.2bn, while the firm's investment arm was the only to suffer net outflows, with £190m leaving the business over the year. DFM flows remained flat, with the pensions arm making the only dent in inflows, adding a net £5.2bn over the 12 months to 31 December 2023. St James's Place changes managers and reduces fees for two funds North American equities continued to dominate SJP's FUM, comprising 34% of the total £168.2bn FUM, followed by fixed income (16%), European equities (14%) and Asia Pacific equities (14%). UK ...