SJP unveils details of UK & International Income

St James’s Place (SJP) has revealed details of its UK & International Income fund managed by Adrian Frost and Adrian Gosden at Artemis Investment Management.

Adrian Frost
Adrian Frost

The UK & International Income fund was launched last week. The ­managers have started applying their investment model and have made asset allocations.

Chris Ralph, the chief investment officer at SJP, says Frost and Gosden will have the choice of investing up to 10% of the portfolio in fixed income and up to 30% in international equities.

Otherwise, Ralph adds, the UK & International Income fund is a standard long-only fund and will be managed in a way “very similar” to that of the Artemis Income fund.

The fund is likely to hold 30-50 stocks. It will aim to increase its capital and exceed the yield on the FTSE All-Share index. (article continues below)

At Artemis, Frost and Gosden manage the group’s flagship Income and High Income funds.

The £3.4 billion Income fund sits in the UK Equity Income sector and aims to achieve a rising income combined with capital growth from a portfolio primarily invested in Britain.

The £614m High Income fund sits in the £ Strategic Bond sector. It aims to achieve a higher average initial yield combined with rising income and some capital growth over the long term. The emphasis is on British fixed-interest investments and preference shares.

Ralph says SJP is always looking for new opportunities to develop its product range.