This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
Money Marketing Cover
Categories:Investments

SJP to launch multi-asset and global equity income funds

  • Print
  • Comment

St James’s Place is launching a multi-asset fund and a global equity income fund next month as it looks to broaden its investment offering.

The multi-asset fund will be run by Pimco, while the global equity income fund will be run by Invesco. Both funds are set to be launched on February 1.

As part of its defensive portfolio SJP is also launching an index-linked gilt fund managed by Blackrock around March.

SJP chief executive David Bellamy (pictured) says: “We go into 2012 with a strong investment proposition, and one of the things we are very keen to do is constantly extend that. The latest funds are part of the continued stregthening and broadening of the investment proposition.”

SJP launched its “new concept” global equity fund in September. The core portfolio makes up 60 per cent of the fund and is equally weighted and managed by Blackrock, while four satellite portfolios are run by Sands Capital, Tweedy Browne, Majedie Asset Management and THS Partners.

The company has reported a 10 per cent increase in total new business from £581.8m in 2010 to £642.3m in 2011.

Funds under management are up 6 per cent from £27bn to £28.5bn, while net inflows of funds under management are up from £3bn to £3.3bn.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Should the Government's retirement guidance scheme be independent of pension providers?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments