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St. James’s Place changes range of funds


Wealth management group and Wealth Adviser award winners, St. James’s Place, has made changes to its range of funds.

From 30 July 2018, Boston-based Steve Gorman of Wellington Management will be appointed lead manager for the Alternative Assets fund. Ken Hsia from Investec Asset Management will manage the Continental European fund and will co-manage the Greater European Progressive fund.
The AXA Framlington Managed fund will be renamed the Balanced Managed fund. A blended management team of Ben Inker of GMO and Mark Baribeau of Jennison Associates will assume responsibility for this strategy.
The team at Majedie Asset Management, managers of the UK & General Progressive and UK Growth funds, will be given additional flexibility to invest up to 20 per cent of its strategy in overseas equities.
The Schroder Managed fund will be renamed the Managed Growth fund for life, pension and international products.
Chris Ralph, Chief Investment Officer, St. James’s Place, says: “These changes reflect our distinctive investment management approach and commitment to selecting the best fund managers from across the globe. This ultimately provides clients with a diversified range of funds to meet any investment objective.
“The Alternative Assets fund will look to combine both systematic and fundamental investment strategies across a range of asset classes. As one of the largest investment houses in the world, we believe the Multi Asset team at Wellington Management has the resource and expertise to provide attractive returns for investors over the medium to long-term.
“Under the leadership of Ken Hsia, the Continental European fund will focus on investing in high-quality companies, adopting a consistent investment philosophy across changing market conditions. Ken will also be the co-manager for our Greater European strategy.
“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 lead a value-orientated asset allocation strategy exclusive to St. James’s Place investors in the UK, and Jennison Associates will manage a concentrated portfolio of global equities.
“We believe that allowing Majedie to invest up to 20 per cent of the UK & General Progressive and UK Growth strategies in overseas equities provides the team with greater flexibility which we believe will ultimately be in the best interests of our clients.”

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