SJP targets pension investors with income fund duo

To launch on 2 November

St James's Place is launching two new income-focused funds aimed at the retirement market, to be managed by a group of external firms, including Schroders and TwentyFour Asset Management.

The group is launching the Diversified Bond and the Strategic Income funds on 2 November.  The bond fund will be managed by TwentyFour Asset Management and US firms Payden & Rygel and Brigade Capital Management, while the Strategic Income fund will also be managed by TwentyFour, as well as Schroders, BlueBay Asset Management and MidOcean Credit Partners. Kames CIO: This is not an Armageddon scenario for fixed income The low to medium risk Diversified Bond fund will invest in global fixed interest including sovereign debt, investment grade corporate bonds, and European and US high yi...