St James's Place to launch Global Growth fund

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 cyclical sectors and be overweight in small and mid-cap holdings. St James's Place said the launch was part of its bid to ensure clients continue to have an appropriate mix of investments at their disposal, which will also see it adding a new ‘Strategic Growth Portfolio' later this year. Other initiatives confirmed in the group's results, which cover the first six months of 2017, include the lau...