SJP switches to multi-manager approach on Global Smaller Companies fund
Adds six new external managers as part of the change in approach
Sjp
-
-
Spot the Dog: Number of underperforming mega funds on the rise
Fifteen funds worth over £1bn each accounted for 59.6% of the assets of all funds that underperformed over the past three years
-
St James’s Place sees £4.3bn of net inflows amid ‘successful year’
Gross inflows stood at £18.4bn, compared with £15.4bn in 2023
-
‘Strap in’: Trump returns to questions on tariffs and inflation
Trump returns for second term in the White House
-
Core US inflation undershoots expectations in ‘relief’ to policymakers
Headline inflation rose to 2.9% in December
-
SJP equity fund aligns with SDR Sustainability Focus label
The external fund manager will also change, with Schroders taking over as the fund’s sole manager
-
UK economy contracts 0.1% in October
Falling below expectations of a modest 0.1% increase, according to the ONS
-
St. James’s Place to cut 500 roles in cost reduction programme
SJP aiming to save £100m per year by 2027
-
St. James’s Place to exit property market after 20 years
Decision to shutter its property funds follows a ‘challenging period’ for the sector as a whole
-
St. James’s Place: Steady net inflows lead to record funds under management
Gross flows for Q3 came in at £4.4bn, 20% higher than over the same period last year
-
Spot the Dog: Number of underperforming equity funds falls to 137
Strategies underexposed to tech and energy feature prominently in the bi-annual report
-
‘A tentative start’: Bank of England cuts interest rates to 5%
MPC voted 5-4 in favour of a 25bps cut