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SJP soft-closes Asante and Wood funds
by Robert St George on Apr 23, 2014 at 15:28
‘The committee has concluded that it is now appropriate to stop further inflows into John’s portfolio to ensure that the integrity and strength of his investment approach is not compromised.’
As a result, all future flows into UK & General Progressive will be split between Chappell’s and de Uphaugh’s portfolios.
Following the closure of Asante’s fund, St James’s Place has also announced that on 28 April it will be launching a new emerging markets strategy.
To be named the Emerging Markets Equity fund, it will be managed by Salt Lake City-based Wasatch Advisors. This will have a ‘go anywhere’ approach, with St James’s Place highlighting its exposure to Peru, Thailand, Egypt and Indonesia.
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- SJP UK & General Progressive Acc (inet)-Pen
- SJP Global Emerging Markets Acc (inet)-Pen
- SJP Worldwide Managed Acc (inet)-Pen
- St James's Place Worldwide Opportunities Acc