St James's Place to wind down £1.8bn property funds amid 'challenging period' for property sector

Invesco to manage wind down

Linus Uhlig
clock • 2 min read

Britain’s largest wealth manager St James’s Place will close three property funds with over £1.8bn in assets, following “a challenging period for the sector as a whole”.

SJP's Property Unit Trust and Pension and Life funds will all be closed following an increasingly challenging environment for property investment driven by significant change in working patters during and after the Covid-19 pandemic.  The wealth manager's decision follows a year of contemplation about the future of its three property trusts, it noted.  On 20 October 2023, SJP suspended all transactions to its Property Unit Trust and reduced the annual management charge by 15 basis points, while withdrawals and switch-outs from the Property Life and Pension funds were deferred. Over...

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
member?

Login

More on Funds

Artemis reports two funds miss good value for money mark

Artemis reports two funds miss good value for money mark

Due to performance issues

clock 14 May 2025 • 4 min read
Two Unicorn funds lose fund ratings amid UK small and mid-cap investment challenges

Two Unicorn funds lose fund ratings amid UK small and mid-cap investment challenges

Five ratings removed

Sorin Dojan
clock 14 May 2025 • 1 min read
Trio of Invesco funds fail to deliver value to investors

Trio of Invesco funds fail to deliver value to investors

Three of Invesco's funds have failed to deliver value to investors last year, according to its latest Assessment of Value report.

clock 14 May 2025 • 2 min read
Trustpilot
Loading page