SJP gives £4.6bn multi-asset management mandate to Royal London

RLAM will run a bespoke, active asset allocation mandate, SJP set out in a news update this morning (26 February). This is set to comprise "predominantly" of low active risk strategies that minimise tracking errors, SJP stated. The multi-asset strategy is expected to be adjusted through time, in line with the fund manager's active strategic and tactical asset allocation views. SJP stated that this would "help to maintain access to a broad range of asset classes, but at a lower cost than is typically associated with active management". The fund's objectives are expected to remain th...