banking turmoil which saw the collapse of Silicon Valley Bank and Signature Bank drove global investor confidence to one of its lowest levels in the last 20 years, a survey in March showed. SJP shares were down 4.3% at 1,185 pence by 0744 GMT. Still, SJP's net inflows were down nearly 9% at 2 billion pounds during the first quarter, missing company-compiled analysts' expectations of 2.2 billion. James's Place (SJP.L) said assets under management rose 3.5% by the end of March quarter, adding that it expected a more supportive environment for new business in 2023. banking turmoil.Īt the end of the first quarter, Schroders' assets under management rose 1.2% to 746.3 billion, although still 0.8% lower than the corresponding period a year ago, when the Russia-Ukraine conflict had just begun. Geopolitical risks and fears of economic growth had kept investors from parting with cash during 2022, but fund managers are starting to see signs of revival, despite recent U.S. April 27 (Reuters) - British fund manager Schroders' (SDR.L) assets under management fell at the end of the March quarter from a year ago, but saw a slight uptick from the previous quarter, as economic risks eased and investor sentiment picked up.
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