SJP makes changes to fund range

SJP makes changes to fund range

St James’s Place has announced changes to its fund range as part of its long-term investment strategy.

The firm said changes include changing the manager line-up of its Global Growth fund by appointing Axiom Investors, WCM Investment Management and Artisan Partners to manage it alongside existing managers, Edgepoint and Sands Capital.

It will also improve “flexibility and liquidity” in this fund by moving from a fund of fund structure to being directly invested.

SJP is also changing the investment objective and policy of its Emerging Market Equity fund by moving from a single manager to a multi-manager strategy. 

The wealth manager said this will increase diversification and reduce manager-specific risk.

It is appointing three managers; Lazard Asset Management, ARGA Investment Management and Somerset Capital Management, to help provide a more diversified source of returns and align with the strategy of Wasatch Advisors, the existing manager of the fund.

The changes are part of SJP’s plan to create asset class building blocks, improve consistency of returns and long-term performance of its funds. 

SJP chief investment officer Tom Beal, 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.”

Changes are set to take effect from July 25.

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