St James's Place to launch Global Growth fund

Results also note ‘degree of caution’ on DB transfers

Julian Marr
clock • 2 min read

St James's Place is to launch a global growth fund. The wealth manager confirmed the news in its interim results, which also revealed it approaching the defined benefit (DB) transfer market with "a degree of caution".

The new Global Growth fund, which will be run by four managers already on the group's roster - Sands Capital, Edgepoint, Magellan and Select Equity Group - will have a growth bias, exposure to cyclical sectors and be overweight in small and mid-cap holdings. St James's Place said the launch was part of its bid to ensure clients continue to have an appropriate mix of investments at their disposal, which will also see it adding a new ‘Strategic Growth Portfolio' later this year. Other initiatives confirmed in the group's results, which cover the first six months of 2017, include the lau...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Companies

Advice firm declared failed by FSCS over SIPP advice

Advice firm declared failed by FSCS over SIPP advice

One claim upheld so far against Charthouse Asset Management

Isabel Baxter
clock 12 November 2024 • 1 min read
FCA warns of Rosemount clone

FCA warns of Rosemount clone

Fraudsters targeting individuals, FCA states

Isabel Baxter
clock 11 November 2024 • 1 min read
Titan Wealth wins confidential information and harassment case against ex-employee

Titan Wealth wins confidential information and harassment case against ex-employee

Former staff member circulated confidential documents and offensive messages, judge finds

Jen Frost
clock 07 November 2024 • 5 min read