The changes, which take effect from 20 July 2020, include:



Global Equity Income Fund

  • The Global Equity Income Fund will be renamed the Global Value Fund.
  • Pzena Investment Management, Sanders Capital LLC and Artisan Partners will assume responsibility for the fund.

St. James’s Place has opted to take a multi-manager approach to the management of the Global Equity Income Fund, and has appointed two new partners, Pzena Investment Management and Sanders Capital, in addition to existing investment management company Artisan. They will be responsible for 50 per cent, 25 per cent and 25 per cent respectively.



Tom Beal, Chief Investment Officer, St. James’s Place, says:

“The changes to our Global Value fund are to encourage greater diversification and access to a wider pool of investment talent, allowing clients to take a more flexible approach.



“Value investing is one of the most established and successful ways of investing in equities but has largely been out of favour for the past decade. At SJP we believe in having a diverse range of approaches to allow the managers’ underlying stock decisions to prevail, and the changes we are making provide our clients access to high calibre global equity managers, irrespective of whether a value, growth or quality investment style is in favour at a particular time.



“After intense research and scrutiny by the in-house investment team and one of our external consultants, Rocaton, the Investment Committee has chosen Pzena, Sanders Capital and Artisan to manage the fund. Pzena has a highly structured investment process focussing on unearthing deeply undervalued companies, while Sanders Capital typically take a broad view when defining value, believing that companies with relatively robust valuations can still be undervalued relative to their long-term potential. In the case of Artisan, they have a proven track record over many years of managing the Global Managed fund for St. James’s Place, constructing a diversified portfolio of undervalued global companies.



“The Global Value fund these managers will be running for St. James’s Place is exclusive to UK retail investors and cannot be accessed elsewhere.



“At St. James’s Place, we are committed to helping clients achieve financial wellbeing in a world worth living in. Our focus remains on designing innovative investment strategies that provide clients with access to a broad range of funds, managed by globally leading investment managers This approach helps our Partners to design investment solutions that align with their clients’ long-term goals.”