SJP makes raft of management changes to funds in new ‘global’ approach

Changes signal a more global, multi-manager approach

Tom Beal director of investments at St James's Place
Tom Beal


St. James’s Place has changed the manager line up on two of its funds, as part of a set of changes it says signals a more global, multi-manager approach.

From 31 July, the Global Absolute Return fund will have Fulcrum Asset Management in the manager line up alongside existing managers Amundi, BlackRock, Payden & Rygel, Wellington and State Street Global Advisors.

Also, Dalton Investments has been appointed to manage the Japan fund alongside existing manager Comgest.

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Turning to the Gilts and Index Linked Gilts products, SJP said it is changing from solely investing in UK government bonds to global bonds.

To reflect the change the funds will be renamed Global Government Bond, managed by Wellington, and Global Government Inflation Linked Bond, managed by BlackRock.

SJP is also changing the International Equity strategy to increase investment flexibility by allowing the manager to invest in a greater number of businesses.

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Director of investments Tom Beal (pictured) said: “These changes further align our funds with our investment beliefs, and place a particular emphasis on our commitment to develop a market leading, multi-manager fund range, that is appropriately diversified to meet our clients’ investment needs.

“Accessing the highest calibre fund managers is paramount to delivering future investment success to our clients. I’m delighted that we are able to partner with Dalton Investments and Fulcrum Asset Management, and to evolve our long-established relationship with both Blackrock and Wellington.

“The ongoing monitoring of our managers and making changes when appropriate, has never been more important than it is today with an evolving economic and market environment,” Beal continued.

“In recent years we have made changes to funds with over £100billion in assets under management, all geared towards improving future client outcomes, and the latest fund changes will continue to contribute to that.”

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