Bringing you live news and features since 2006 

St James’s Place makes fund changes


St James’s Place, the wealth management group, is making changes to its Balanced Managed Unit Trust, to take effect later this year. 

The changes, which are subject to the required regulatory approvals, will see GMO (based in Boston) and Jennison Associates (based in New York) appointed as co-managers of the fund.
Chris Ralph, Chief Investment Officer, St. James’s Place, says: “The appointment of GMO and Jennison Associates blends two complementary investment styles and provides greater flexibility to allocate across asset classes over a market cycle.
“GMO will manage a value-oriented, asset allocation strategy – exclusive to St James’s Place investors – and will be responsible for 80 per cent of the fund’s assets. Ben Inker, the lead manager, has been with the firm since 1992 and has extensive experience in managing asset allocation and quantitative equity strategies.
“Mark Baribeau of Jennison Associates will be responsible for a relatively concentrated portfolio of global equities, representing the remaining 20 per cent of the fund. Adopting a traditional growth investing approach, his portfolio will target companies that are at an inflection point in their earnings and sales growth.
“These appointments reflect our continued commitment to selecting the best fund managers from across the globe and are a tangible demonstration of the benefits of our investment management approach. Our focus remains to provide clients with a diversified range of funds to meet their long-term investment objectives.”

Latest News

Solactive writes that in the face of market volatility, investors often turn to portfolio diversification as a key strategy. “One..
The Luxembourg House of Financial Technology (LHoFT), together with PwC Luxembourg and with the active support of the Association of..
Sustainability tech platform Clarity AI has announced that its sustainability capabilities are now supporting European white label platform, HANetf...
Chimera Capital LLC, an Abu-Dhabi-based investment management firm, has announced the launch of the Chimera S&P China HK Shariah Exchange..

Related Articles

Henry Timmons, RBA
Henry Timmons, director of ETFs and Michael Contopoulos, director of fixed income at Richard Bernstein Advisors are on a mission...
Kelsey Mowrey, Motley Fool Asset Management
Speaking with ETF Express in March, Brian Barish, a fund manager with Cambiar commented on the Vanguard solution which allows...
Phillippe Malaise, Trackinsight
Trackinsight has published its fourth global ETF survey, revealing that investors have an appetite for actively managed ETFs....
Joy Yang, MVIS
The passive versus active debate is a ‘thought experiment’ according to Joy Yang, Head of Index Product Management at MarketVector...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by