Nov 20, 2023

Share St James’s Place (SJP) has changed the manager line-up for two of its funds and reduced fees across the vehicles. The funds in question are the Balanced Managed and Continental European, which will reduce their ongoing charges from today (20 November). PineBridge Investments has been added to the manager line-up of the Balanced Managed fund alongside GMO. The fund fees will be reduced from 0.36% to 0.34% per annum. SJP noted the two basis points drop was due to a change to the amount paid to the managers. These fees, however, could change over time due to the size of the fund, as charges may be increased if the portion of the assets managed decreases or if market movements cause its portion of the fund to fall below a set threshold. Robeco Institutional Asset Management has been named manager for the Continental European fund, with management charges dropping from 0.26% to 0.08% per annum. Executive director of investments Tom Beal said: "We constantly look to improve and evolve our fund range to ensure positive client investment outcomes are met. Our clients benefit from our size and scale, which enables us to source and negotiate highly competitive fees with the best global fund managers. "PineBridge Investments stood out in our search due to its heightened focus on returns driven from asset allocation, as well as offering improved diversification. As for Robeco, they have one of the best resourced equity research teams in Europe managing this type of active strategy. This allows them to simultaneously focus on cutting-edge research whilst managing investments to deliver their funds' objectives."