St. James's Place has added Comgest as a manager on its £121m AUM Japan fund, retaining existing manager Nippon Value Investors (NVI) but cutting the firm’s control to 50% of the fund's assets.
The change, which takes effect 19 March, forms a multi-manager solution and adds Comgest's quality growth approach to NVI's value-focused style. Baroness Helena Morrissey to join AJ Bell as NED and chair designate Launched in 2017, the SJP Japan fund aims to achieve long term capital growth by primarily investing into a portfolio of shares in companies which are either listed on exchanges in Japan or are economically exposed to Japan. Under lead manager Yoshihiko Ito, SJP Japan has returned 31.7% over one year to 15 March, according to data from FE fundinfo, but has lost 15% over t...
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