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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.
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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.
