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St James’s Place is making the move towards a more global approach and has decided to not solely invest in UK government bonds.
The wealth management company has revealed it will be making the change in its gilts and index linked gilts to invest in global government bonds.
To reflect this change, it will rename the funds to the Global Government Bond, managed by Wellington, and the Global Government Inflation Linked Bond, managed by BlackRock.
Tom Beal, director of investments at the company, said: “These changes further align our funds with our investment beliefs, and place a particular emphasis on our commitment to develop a market leading, multi-manager fund range, that is appropriately diversified to meet our clients’ investment needs.”
SJP has also made changes to the manager line up of its Global Absolute Return.
Fulcrum Asset Management has now joined existing managers Amundi BlackRock, Payden & Rygel, Wellington and State Street Global Advisors.
While Dalton Investments has been appointed to manage SJP’s Japan fund alongside existing manager Comgest.
Beal added: “Accessing the highest calibre fund managers is paramount to delivering future investment success to our clients.
“The ongoing monitoring of our managers and making changes when appropriate, has never been more important than it is today with an evolving economic and market environment.
"In recent years we have made changes to funds with over £100bn in assets under management, all geared towards improving future client outcomes, and the latest fund changes will continue to contribute to that.”
tara.o'connor@ft.com
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