12 St James's Place funds fail to deliver value

Driven by underperformance

Cristian Angeloni
clock • 2 min read

A dozen St James’s Place funds have delivered “insufficient value”, the wealth manager’s latest assessment of value report has found.

Out of the 39 funds available to UK investors, 12 were labelled as ‘delivered insufficient value' as of March 2023. In all 12 instances, fund underperformance was the main driver for the negative outcome. Out of the 12, nearly half were global strategies. St James's Place shares slump on Consumer Duty charge cap and inflows slowdown For instance, the Global Absolute Return fund underperformed its benchmark over the last 15 months. Performance was assessed from January 2022, when the strategy - which used to be the Multi-Asset fund - was merged with the Alternative Assets and UK Abs...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Unit trusts/OEICs

Joe Bauernfreund (pictured), AVI’s chief executive officer and chief investment officer, will manage the new UCITS funds, supported by the firm’s research team.

AVI to launch UCITS versions of Global and Japan Opportunity investment trusts

First quarter of 2024

Valeria Martinez
clock 30 November 2023 • 1 min read
The fund aims to generate capital growth over rolling five-year periods by investing in mobility and logistics companies.

JO Hambro's Regnan launches mobility and logistics equity fund

Irish-domiciled thematic OEIC

clock 29 November 2023 • 1 min read
These new funds will join Waverton’s existing multi-asset growth and income funds that have around £1bn invested in them, and will be managed by James Mee and his team.

Waverton launches three multi-asset funds

Defensive, cautious and balanced

Laura Miller
clock 28 November 2023 • 1 min read