Twelve St James's Place funds fail to deliver value

Out of the 39 funds available to UK investors, 12 were labelled as ‘delivered insufficient value' as of March 2023. In all 12 instances, fund underperformance was the main driver for the negative outcome. Out of the 12, nearly half were global strategies. For instance, the Global Absolute Return fund underperformed its benchmark over the last 15 months. Performance was assessed from January 2022, when the strategy - which used to be the Multi-Asset fund - was merged with the Alternative Assets and UK Absolute Return fund, SJP explained. The board of the Unit Trust Group (UTG) at SJP s...