St James's Place to launch Global Growth fund

Results also note ‘degree of caution’ on DB transfers

Julian Marr
clock
David Bellamy: "DB pension is a market that is growing rapidly but it is not without risk given the complicated nature of assessing the benefits or otherwise of such transfers."
Image:

David Bellamy: "DB pension is a market that is growing rapidly but it is not without risk given the complicated nature of assessing the benefits or otherwise of such transfers."

St James's Place is to launch a global growth fund. The wealth manager confirmed the news in its interim results, which also revealed it approaching the defined benefit (DB) transfer market with "a degree of caution".

The new Global Growth fund, which will be run by four managers already on the group's roster - Sands Capital, Edgepoint, Magellan and Select Equity Group - will have a growth bias, exposure to cycl...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Companies

Aviva completes Succession Wealth acquisition

Aviva completes Succession Wealth acquisition

Announced in March

Jenna Brown
clock 11 August 2022 • 1 min read
An interim ordinary dividend of 6.2 pence per share will be paid on 29 September.

M&G profits nearly halve despite return to inflows

Wholesale AM inflows return

James Baxter-Derrington
clock 11 August 2022 • 1 min read
Abbie Llewellyn-Waters talks to Richard Romer-Lee

Talking with... Abbie Llewellyn-Waters

'The key is to think long-term'

Richard Romer-Lee
clock 10 August 2022 • 4 min read