St James's Place reshuffles managers and alters charges on fund trio
Clients invested in the Global Smaller Companies fund and the Global Emerging Markets fund will see their total ongoing charges reduced.
Clients invested in the Global Smaller Companies fund and the Global Emerging Markets fund will see their total ongoing charges reduced, while those invested with the Emerging Markets Equity fund will see an increase in the vehicle's total ongoing charges.
Northern Trust Global Investments Limited has been added as the sole manager of the Global Smaller Companies fund, with Robert Bergson as lead portfolio manager.
St James's Place changes managers and reduces fees for two funds
The fund is expected to change to a multi-manager fund over time, and the external fund manager charge has reduced from an annual charge of 0.60% to 0.06%.
The Global Emerging Markets fund now holds Robeco Institutional Asset Management BV as the sole manager, with Tim Droge and Han van der Boon as lead portfolio managers.
The external fund manager charge has reduced from 0.30% to 0.15% per annum.
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Aikya Investment Management has been added to the line-up of existing fund managers for the Emerging Markets Equity fund, joining ARGA Investment Management, Lazard Asset Management and Wasatch Global Investors.
Ashish Swarup will act as lead portfolio manager, overseeing an external fund manager charge increase from 0.37% to 0.39%.
These changes took place on 20 November, along with the changes to the Balanced Managed and Continental European funds.
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