St James’s Place (SJP) will merge four of its UK equity income funds in favour of one £4.3bn offering as it begins to move away from a single manager structure.
The advice giant today (26 September) said the consolidated fund's investment objective, policy, benchmark and manager line-up will all change. The new UK Equity Income Fund will retain managers from Artemis and Redwheel already working on the offering, and will also appoint JP Morgan Asset Management to its roster. Director of investments Tom Beal said SJP was building a fund range underpinned by multi-manager funds as part of its 2025 strategy. "We believe that by blending complementary managers together, we can generate more consistent returns for our clients," he stated. "Multi...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
