St. James's Place (SJP) has appointed Impax Asset Management to run its £286m Ethical fund, replacing Standard Life Aberdeen, as part of its constant review process.
The Ethical fund will no longer be managed by SLA's senior investment manager Jamie Cumming. Impax's Kirsteen Morrison and David Winborne will take control of the fund, with SJP investing £286m into Impax's Global Opportunities strategy, subject to regulatory approval. The Ethical fund will be renamed the Sustainable and Responsible Equity fund in order to better describe the investment process, which will integrate ESG considerations, as both a source of growth and a risk factor with a more fundamental approach. Investing in a range of global companies, the fund will be looking fo...
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