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SJP launches new fund-of-funds accumulation range

02 November 2022

The new investment products will aim to grow wealth ahead of retirement.

By Matteo Anelli,

Reporter, Trustnet

St. James’s Place (SJP) has announced the launch of Polaris, a new range of accumulation funds for clients looking to grow their wealth over the long term.

The range, which will be made available to clients from 21 November, will include four funds of funds with increasing exposure to equities to cater for different level of risk tolerance. The lowest-risk, lowest-volatility option will invest around 40% of its portfolio in equities, all the way up to 100% for the riskiest, most-volatile fund.

Polaris will complement SJP’s InRetirement range, which focuses on the second phase of retirement instead, or decumulation, when the priority is on a steady income rather than growth.

Asset allocation decisions will be managed by the SJP investment team, while third party State Street Global Advisors are tasked with the daily rebalancing of the underlying funds, cash flow management and currency hedging.

Tom Beal, SJP director of investments, said: “We’ve evolved how we manage investments to deliver better outcomes for clients, giving them confidence in our increasingly rigorous and robust investment process. Polaris providing access to our carefully selected fund managers from across the globe.”

Head of portfolio strategies Robin Ellis added: “The Polaris funds contain our best investment thinking, based on the principle of sophisticated investment design that is simple to use and easy to understand”.

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