St James's Place drops fund of fund structure from Global Growth fund

EM equity shift to multi-manager

James Baxter-Derrington
clock • 1 min read
Saint James's Place
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Saint James's Place

St James’s Place is set to transition Global Growth from a fund of fund structure to a directly invested product, as part of further alterations to its fund range.

According to the fund house, the shift is intended to provide greater flexibility and liquidity for investors. Alongside this change, a further trio of managers have been added to the Global Growth fund, with Axiom Investors, WCM Investment Management and Artisan Partners joining existing managers Edgepoint and Sands Capital. The firm's Emerging Market Equity fund will see its mandate changed from a single manager strategy to a multi-manager, in order to "increase diversification and reduce manager-specific risk". SJP hands absolute return multi-asset mandate to Amundi Lazard As...

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