St. James’s Place (SJP) has unveiled a new low-cost fund range following the recent overhaul of its fee structure.
The wealth manager has expanded its investment offering with new Polaris Multi-Index range, priced at 0.20%.
The funds will use SJP’s active asset allocation expertise and invest solely in index- tracking strategies be available to SJP clients later this month.
SJP said this will provide advisers and clients with greater choice, expanding SJP’s multi-asset toolkit and sitting alongside the existing Polaris range.
Asset allocation decisions will be actively managed by SJP’s in-house investment team led by chief investment officer Justin Onuekwusi.
To support the launch, SJP has selected State Street Investment Management to develop 14 underlying index tracking funds, which will form the building blocks of the new multi-index range.
Each of the Polaris Multi-Index funds is differentiated by its equity exposure:
Polaris Multi-Index 1 – The lowest-risk option in the range, investing approximately 40% in equities. It is suited to clients who prefer lower levels of risk.
Polaris Multi-Index 2 – A balanced portfolio with around 60% in equities, offering moderate growth potential with the second-lowest level of risk.
Polaris Multi-Index 3 – Targets a higher growth profile by allocating roughly 80% to equities, designed for clients comfortable with a relatively high level of risk.
Polaris Multi-Index 4 – The highest-risk option, investing close to 100% in equities. It is aimed at long-term investors seeking higher returns and willing to accept greater risk in pursuit of growth.
Tom Beal, group investment director at SJP, said: “This new range broadens our offering by giving clients and partners access to a wider selection of competitively priced solutions designed to support their long-term financial goals.
“Some investors want to complement or diversify their active fund exposure, while others may prefer a more straightforward option. For many, cost is also a key factor, and index-trackers provide a lower-cost alternative.
“Our aim is to evolve our proposition, so it caters to the full spectrum of our clients’ needs.”
Onuekwusi, added: “At SJP we believe in giving clients genuine choice and in building muti-asset solutions that stand the test of time.
“Polaris has been a great foundation, bringing together world-class managers with our own global asset allocation views, growing into one of the UK’s largest and most successful multi-asset ranges.
“But we can’t stand still. The launch of our new Polaris Multi-Index funds is the natural next step in the development of our product offering.
“Alongside Polaris and InRetirement, the multi-index range represents our continued commitment to innovation, diversification, and resilience, ensuring our clients benefit from a proposition that is built to evolve with the world around us.”
SJP has said it believes its new fee structure will “help change the perception” that it is too expensive.
