SJP to make a push on passives, an investment group has 31 funds underperforming and one 'paper warns of a "cocktail of dangers' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend..
St James's Place to make passive funds push The Financial Times is reporting that advice giant St James's Place (SJP) is looking give its passive funds a concerted push as it "modernises" to fight off competition from Vanguard. The passive push is being overseen by Redington co-founder Rob Gardner, who joined SJP last year. While he passives have a certain focus on costs, he says SJP does not want a race to the bottom on charges. He tells the FT: "The feature of passive I like is that it's low cost, while what I like about active is that you can be an active owner."Ultimately, thi...
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