St. James’s Place, the wealth management group, today announces the launch of the Diversified Assets fund and changes to its Ethical fund to take effect later this year.
These developments, which are subject to the required regulatory approvals, will see KKR (a leading, global investment firm) appointed as manager of the Diversified Assets fund (DAF) and Impax Asset Management (based in London) appointed as manager of the Ethical fund. The Ethical fund will be renamed the Sustainable and Responsible Equity (SRE) fund to better describe its investment objective.
Chris Ralph, Chief Investment Officer, St. James’s Place, says: “The launch of the Diversified Assets fund provides an exclusive opportunity for St. James’s Place clients to invest in a diversified portfolio of public and private market assets within a single investment fund. This strategy will offer our clients access to private market assets which have, historically, only been available to institutional investors.
“KKR has a world-leading, global investment team and will be responsible for targeting growth opportunities in a number of markets, and will provide exposure to private equity, real estate, infrastructure, as well as private and public credit.
“Kirsteen Morrison and David Winborne of Impax Asset Management will manage the SRE fund. This strategy adopts a differentiated philosophy which effectively integrates ESG considerations, as both a source of growth and a risk factor, into a more traditional, fundamental investment process. The fund will invest in globally listed companies which stand to benefit from the transition to a more sustainable global economy.1
“These developments reflect our continued commitment to identifying new investment opportunities for our clients and selecting the best fund managers from across the globe to manage our range of funds, providing a tangible demonstration of the benefits of our investment management approach. Our focus remains to provide clients with a diversified range of funds to meet their long-term investment objectives."
1 Further details of this change will be available at launch.