SJP merges four funds to create GBP4.3 billion UK Equity Income Fund

 

St. James’s Place will merge four of its UK equity income funds – the Allshare Income, Equity Income, UK Income, and UK and International Income funds – to create a GBP4.3 billion UK Equity Income fund.

The consolidated fund’s investment objective, policy, benchmark, and manager line-up will all change. The new fund will retain managers from Artemis and Redwheel (formerly RWC) and will add J.P. Morgan Asset Management to the roster.

 

The fund will aim to be 80 per cent+ invested in UK equities but will also invest in a mix of asset classes which will include global equities, global fixed interest and index-linked securities.

 

Tom Beal, Director of Investments at St. James’s Place, says: “As part of our 2025 strategy we’re building a fund range that is underpinned by multi-manager funds, rather than single manager strategies. This is because we believe that by blending complementary managers together we can generate more consistent returns for our clients.

 

“The proposed changes will streamline and simplify our offering, merging four similar funds into one multi-manager building block. The solution will be diversified across managers with a blend of complementary styles, offering greater potential for more consistent, long-term performance.  Multi-manager funds also give us increased flexibility and agility if we need to change managers.”