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St James's Place quarterly net inflows nearly double on UK asset demand

Oct 23 (Reuters) - St James's Place's SJP.L third-quarter net inflows nearly doubled year-on-year on Thursday, supported by growing investor preference for UK assets and strong client activity after the fund manager's revised simple fee structure.

The company reported net inflows of 1.76 billion pounds  ($2.36 billion), up from 890 million pounds last year, pushing managed assets past the 200-billion-pound mark for the first time.

($1 = 0.7451 pounds)

 (Reporting by Yamini Kalia in Bengaluru; Editing by Harikrishnan Nair and Sherry Jacob-Phillips)

 ((Yamini.Kalia@thomsonreuters.com))

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