SJP scraps yield payments on former Global Equity Income fund

Pzena Investment Management and Sanders Capital set to join existing manager Artisan Partners

Mike Sheen
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SJP scraps yield payments on former Global Equity Income fund

St. James’s Place has completely removed the requirement to pay investors an income from its £940m Global Equity Income fund, which has been renamed the Global Value fund under a new multi-manager approach with Pzena Investment Management and Sanders Capital set to join existing manager Artisan Partners.

As an income fund sitting in the IA Unclassified sector, the fund currently offers a yield of 2.1%, according to FE fundinfo. The IA UK Equity Income sector currently averages a yield of 5.3%, while the...

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