St James's Place reshuffles managers and alters charges on fund trio

EM Equity fees increase

St James's Place has reshuffled managers and altered the charges on its Global Smaller Companies, Global Emerging Markets and Emerging Markets Equity funds.

Clients invested in the Global Smaller Companies fund and the Global Emerging Markets fund will see their total ongoing charges reduced, while those invested with the Emerging Markets Equity fund will see an increase in the vehicle's total ongoing charges. Northern Trust Global Investments Limited has been added as the sole manager of the Global Smaller Companies fund, with Robert Bergson as lead portfolio manager. St James's Place changes managers and reduces fees for two funds The fund is expected to change to a multi-manager fund over time, and the external fund manager charge h...