Wealth management giant St. James's Place (SJP) has announced that Somerset Capital Management will assume responsibility of its Global Emerging Markets fund, taking over from Janus Henderson Investors.
According to Morningstar data, the fund's performance has been volatile over the past few years. Annual returns in 2017 were 18.5% before dropping considerably to a negative return of 10.1% in 2018, and climbing up again to a 5.5% last year. Somerset to launch EM small and mid-cap fund for Asquith The fund change, effective from 17 February, will see seasoned emerging markets investor and co-founder of Somerset Capital Edward Robertson taking responsibility of the fund as lead manager. SJP said Somerset's expertise in emerging markets would help deliver attractive returns for its c...
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