St. James’s Place Wealth Management (SJP) has placed its Alternative Assets fund and its Japan fund on its "watchlist", according to its latest value assessment report.
The latest review found that these two products may not be delivering overall value for money, prompting the firm to take action to turn around their performance. The Alternative Assets fund has not achieved its objective of capital growth since the appointment of Wellington in September 2018 and has underperformed its benchmark as a result. The group said it had taken steps to "re-focus the investment strategies used by the manager, towards ones offering more consistent returns". "We continue to closely monitor the fund, looking at ways to enhance its performance, and plan to make...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
