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St. James's Place Q1 assets down 0.9 pct, hit by weaker markets

Reuters - UK Focus

LONDON, April 24 (Reuters) - British wealth manager St. James's Place said total assets fell 0.9 percent in the first quarter, hit by the impact of weaker markets, although it continued to take in net flows of new client money.

Group funds under management at the end of March were 89.9 billion pounds ($125.33 billion), it said in a statement on Tuesday, down from 90.8 billion at the end of the prior quarter.

Net (LSE: 0LN0.L - news) inflows during the period were 2.6 billion pounds, it added. ($1 = 0.7173 pounds) (Reporting by Simon Jessop; editing by Carolyn Cohn)