St. James’s Place changes manager line-up on three funds

St. James’s Place (SJP) today announces further changes to its manager line-up on three of its funds.

The three funds to undergo changes are the Global Smaller Companies, Global Emerging Markets and Emerging Markets Equity funds.

Clients invested in the Global Smaller Companies fund and the Global Emerging Markets fund will see a reduction in their total ongoing charges. While clients invested in the Emerging Markets Equity fund will see a small increase in their total ongoing charges.

The following changes took place on the 20th of November:

Global Smaller Companies fund

  • Northern Trust Global Investments Limited has been added as the sole manager of the fund, with Robert Bergson as lead Portfolio Manager.
  • The fund is expected to evolve into a multi-manger fund over time.
  • The External Fund Manager Charge will reduce from 0.60% to 0.06% p.a*.

Global Emerging Markets fund

  • Robeco Institutional Asset Management B.V. has been added as the sole manager of the fund, with Tim Droge and Han van der Boon as lead Portfolio Managers.
  • The External Fund Manager Charge will reduce from 0.30% to 0.15% p.a.

Emerging Markets Equity fund

  • Aikya Investment Management has been added to the current line-up of fund managers – ARGA Investment Management, Lazard Asset Management and Wasatch Global Investors.
  • Ashish Swarup will be the lead Portfolio Manager.
  • The External Fund Manager Charge will increase from 0.37% to 0.39% p.a.

Tom Beal, Executive Director of Investments, St. James’s Place, said: “The changes we are making to the Global Emerging Market fund and Global Smaller Companies are designed to specifically add lower cost strategies to our platform and therefore continue a theme of providing investors with more choice. Active quantitative strategies can be incredibly effective when accessing less covered areas of the market at an attractive price point. This is key to our fundamental belief to offer choice, innovation, and variety to investors of all type.

“The Emerging Market Equity fund is already a top decile performer amongst peers over the past 5 years and this change should help maintain the fund’s strong track record. Aikya are a London based boutique manager with a dedicated focus on emerging markets. The team’s defensive, quality oriented approach blends especially well with the existing growth and value managers in-situ.”

 

 

Notes to Editors:

  • The External Fund Manager Charge for Global Smaller Companies is subject to change with the onboarding of any new fund managers in the future.