British Asset management company Schroders has secured a £5.2 billion ($6.3 billion) mandate from St. James’s Place (SJP) to manage funds within its Sustainable & Responsible Equity (SRE) fund.
The allocation will focus on Schroders’ Global Sustainable Value Equity and Global Sustainable Growth strategies, offering a balanced mix of value and growth investment styles. This diversification provides SJP’s investors with exposure to a wide range of sustainable companies. Fund transitions are expected to begin in Q1 2025.
The SRE fund and Schroders’ sustainable equity strategies plan to adopt the Financial Conduct Authority’s (FCA) ‘Sustainability Focus’ label under the Sustainability Disclosure Requirements (SDR). This label helps investors identify products that meet specific ESG criteria and align with their sustainability goals.
Richard Oldfield, Group Chief Executive at Schroders said, “This collaboration with St. James’s Place highlights the strength of our active investment approach, which aligns with the FCA’s new sustainability labelling standards across numerous funds.”
Alex Tedder, Co-Head of Equities at Schroders remarked, “The allocation from SJP reflects the quality of our active investment strategies and our dedication to delivering sustainable outcomes. As the industry evolves, there is growing demand for tailored investment solutions that combine robust risk-adjusted returns with a strong focus on sustainability. Our comprehensive expertise and active management approach position us well to address client needs in this dynamic landscape.”
