St. James’s Place (SJP) today announces changes to its fund range as part of its long-term investment strategy to create asset class building blocks, improve consistency of returns and long-term performance of its funds.
The changes, which take effect from 25th July 2022, include:
Global Growth
- Strengthening the growth profile of the fund by changing the manager line-up. Appointing Axiom Investors, WCM Investment Management and Artisan Partners to manage the fund alongside existing managers, Edgepoint and Sands Capital
- Improving flexibility and liquidity by moving from a fund of fund structure to being directly invested
Emerging Market Equity
- Changing the investment objective and policy - and moving from a single manager to a multi-manager strategy. This will increase diversification and reduce manager-specific risk
- Appointing three managers – Lazard Asset Management, ARGA Investment Management and Somerset Capital Management LLP – to help provide a more diversified source of returns and complement the growth strategy of Wasatch Advisors, the existing manager of the fund.
A video explaining St. James’s Place’s investment beliefs can be viewed here.
Tom Beal, Chief Investment Officer, St. James’s Place, said: “These changes form part of an ongoing strategic shift towards building a robust multi-manager approach, removing unintended risks and improving diversification. We are further applying our investment beliefs in order to improve the level of diversification within the strategies and use a blend of management styles to deliver client outcomes.
The evolution of our fund range will provide our clients with an innovative investment approach that helps to secure their financial wellbeing in the future.”
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