SJP expands unit trust range with Woodford, Purves and Peirson vehicles

Invesco Perpetual's Neil Woodford is one of a trio of highly regarded managers appointed to run balanced managed unit trusts for St. James's Place.

Based upon three existing St. James’s Place life and pension funds, the group has created unit trust versions of the vehicles after noting strong expressions of interest from its investor base. Woodford runs the new SJP Strategic Managed fund, while Schroders’ Nick Purves is at the helm of the SJP Managed Growth vehicle and Axa Framlington’s Richard Peirson controls the SJP Balanced Managed product. Both Woodford and Purves already run unit trusts at St. James’s Place, managing the £819m SJP UK High Income and £638m Equity Income respectively. The new unit trust launches follow thr...