St James’s Place over­hauls fund range

It will launch new funds tar­get­ing Japanese eq­ui­ties and global growth shares

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FTSE 100 con­stituent St James’s Place (STJ) is shak­ing up its fund of­fer­ing. The changes see the launch of new ve­hi­cles of­fer­ing ex­po­sure to Japanese eq­ui­ties and global growth stocks.

The for­mer is set to be man­aged by Yoshi­hiko Ito of Nip­pon Value In­vestors and the lat­ter by Mag­el­lan, EdgePoint, Sands Cap­i­tal and Select Eq­uity Group who al­ready run money for the wealth man­ager.

Changes are also be­ing made to the man­age­ment and al­lo­ca­tion of ex­ist­ing funds. The new funds will be avail­able from 6 Novem­ber. In the lat­est edi­tion of Bestin­vest’s Spot the Dog re­port, high­light­ing funds which have un­der­per­formed their rel­e­vant bench­mark by 5% or more over three years, St James’s came sec­ond to Aberdeen As­set Man­age­ment (now part of Stan­dard Life Aberdeen (SLA)) by as­sets un­der man­age­ment in un­der­per­form­ing funds.

Three funds with nearly £1.7bn of as­sets fell foul of the cri­te­ria, namely St James’s Place Eq­uity In­come (GB0008377144), St James’s Place Asia Pa­cific (GB0007667669) and St James’s Place Eth­i­cal (GB0006126766). (TS)

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