St James's Place (SJP) is launching two income-focused funds aimed at the retirement market, to be managed by a group of external firms including Schroders and TwentyFour Asset Management.
The group is launching the Diversified Bond and the Strategic Income funds on 2 November. The bond fund will be managed by TwentyFour Asset Management and US firms Payden & Rygel and Brigade Capital Management, while the Strategic Income fund will also be managed by TwentyFour, as well as Schroders, BlueBay Asset Management and MidOcean Credit Partners. The low-to-medium risk Diversified Bond fund will invest in global fixed interest including sovereign debt, investment grade corporate bonds, and European and US high yield credit. The Strategic Income fund has a higher income o...
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