FTSE 100 stocks to look at amid falling investment platform asset value

November 10, 2022 05:49 AM PST | By Abhishek Sharma

FTSE 100 stocks to look at amid falling investment platform asset value — Image source: Ksw Photographer,Shutterstock

Highlights:

British investment platforms are witnessing a decline in the value of customer assets.

This is a reversal from the buoyant last year when people utilised their savings accumulated during pandemic-related lockdowns.

Fears of recession, turbulent financial markets, and the cost-of-living crisis have driven investors to cash, pushing the value of assets on British investment platforms down.

Following a buoyant 2021, mostly due to the savings made during the pandemic, this year saw the platform assets slumping by 100 billion pounds, according to data from industry tracker Fundscape.

Image source: © Andreyyalansky19 | Megapixl.com

In the third quarter of this year, gross sales for D2C (direct-to-consumer) and platforms that offer advice hit £26.1b, the weakest since 2016. Net sales for the period were recorded at £4.4 billion.

The latest data indicates the uncertainties that financial markets are going through.

Let's check out some London-listed stocks.

Schroders Plc (LON: SDR)

The investment management firm offers advisory and consultancy services. A constituent of the FTSE 100 index, Schroders currently has a market cap of £6,727.17 million and its EPS (earnings per share) is 2.21. In the past year, the stock has plunged by nearly a third. Shares of Schroders were trading 0.14% higher at GBX 417.90 as of 11:15 am GMT.

ST.JAMES'S PLACE PLC (LON: STJ)

The company provides financial services to customers, with offices spread across several cities in the UK. With a market cap of £5,842.14 million, the boasts of an EPS of 0.53, and the share price has plunged by nearly a third in the past 12 months. STJ shares traded 0.61% higher at GBX 1,080.00 as of 11:31 am GMT.

M&G Plc (LON: MNG)

The investment management company has a market cap of £4,175.64 million. The EPS is positive at 0.03, but the one-year return is negative at -9%. The year-to-date return is even lower at -10.50%. MNG shares traded at GBX 178.55, up 0.39% as of 11:37 am GMT.

Note: The above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

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