StockMarketWire.com - Charles Stanley Group said funds under management increased 5.7% in its fiscal fourth quarter amid new inflows and positive investment performance.

Total funds under management and administration at 31 March 2019 rose 1.3% to £24bn from £23.8bn a year earlier, but was up 5.7% from £22.8bn reported in fourth quarter, the company said.

The increase for the quarter was attributable to inflows from new clients of £0.3bn -- £1.4bn for the year -- gains from investment performance of £1.6bn -- £0.7bn for the year -- offsetting outflows of £0.6bn -- £1.8bn for the year, the company said.

The The MSCI WMA Private Investor Balanced Index increased 6.9% in the quarter to 31 March 2019 (3.9% for the year).

Discretionary funds were up 6.5% for the year with net inflows of £0.5bn. Advisory managed and Advisory dealing decreased by £0.3bn and £0.1bn, respectively, largely as a result of 'transfers to the other service categories. Execution-only services decreased marginally by £0.1bn,' the company said.


At 8:47am: [LON:CAY] Charles Stanley Group PLC share price was 0p at 277p



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