St James’s Place will merge four of its UK equity income funds – the Allshare Income, Equity Income, UK Income, and UK and International Income funds – to create a £4.3 billion UK Equity Income fund.
The consolidated fund’s investment objective, policy, benchmark, and manager line-up will all change.
The new fund will retain managers from Artemis and Redwheel (formerly RWC) and will add JP Morgan Asset Management to the roster.
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