SJP changes in action with fund manager and charges shuffle

The firm changes managers and alters charges on three funds

clock • 2 min read

St James's Place (SJP) has reshuffled managers and altered the charges on its Global Smaller Companies, Global Emerging Markets and Emerging Markets Equity funds.

Clients invested in the Global Smaller Companies fund and the Global Emerging Markets fund will see their total ongoing charges reduced, while those invested with the Emerging Markets Equity fund will see an increase in the vehicle's total ongoing charges. The changes took place on 20 November. The Global Smaller Companies fund is expected to change to a multi-manager fund over time, and the charge has reduced from an annual charge of 0.60% to 0.06% under new manager North Trust Global Investments. The Global Emerging Markets fund now holds Robeco Institutional Asset Management BV ...

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 Your profession

FOS pushes ahead with CMCs complaint fee proposals

FOS pushes ahead with CMCs complaint fee proposals

Ombudsman writes to the Financial Conduct Authority

Isabel Baxter
clock 21 November 2024 • 2 min read
More than a third of advisers have not mentioned Consumer Duty to clients

More than a third of advisers have not mentioned Consumer Duty to clients

Only about a quarter of advisers have mentioned the regulation to clients

Sahar Nazir
clock 20 November 2024 • 2 min read
ISA reform 'under review' after absence in Budget and Mansion House

ISA reform 'under review' after absence in Budget and Mansion House

There are five different types of ISAs available on the market

Cristian Angeloni
clock 20 November 2024 • 3 min read