PA ANALYSIS: Managers under pressure as SJP gets tough on Asian and GEM mandates

Added 27th July 2016

First State Stewart and Aberdeen have long been the big names to trust in Asian and emerging market investing but wealth managers have a valid case for replacing them in portfolios.

PA ANALYSIS: Managers under pressure as SJP gets tough on Asian and GEM mandates

St James’s Place today announced the change in name of its Far East fund – part of a £1.5bn mandate – to Asia Pacific fund, replacing Aberdeen’s Hugh Young with Alistair Thompson and Martin Lau of First State Stewart Asia.

A victory for the latter perhaps in the long-running battle between the two fund giants. However, it was a bitter sweet pill for Stewart in loosing mandates on SJP’s Global Emerging Markets and £4bn Worldwide Opportunities funds.

The latter were helmed by Jonathan Asante, but with both he and figurehead Angus Tulloch stepping back from day-to-day fund management this month, it’s clear that a mood of change is in the air.

It’s easy to see how SJP came to its decision on the Far East fund, reducing exposure to Japanese equities and introducing greater flexibility to invest in the broader Asia Pacific region.

Over the past three years SJP Far East has delivered 15%, compared to 25% from its benchmark MSCI AC Asia Pacific and 27% from the average peer group fund, according to FE data.

"It’s easy to see how St James's Place came to its decision on the Far East fund"

Over the same time period, in the IA Global Emerging Markets sector Aberdeen Emerging Markets Equity (8.4%) and Global Emerging Markets Equity (7.6%) have fallen behind their rivals.

According to FE data, it is the small-cap focused funds of Franklin Templeton and JPM that lead the way, while the Gary Greenberg-led Hermes Global Emerging Markets (24.9%) and Rob Marshall-Lee’s Newton Global Emerging Markets funds are also notable strong performers.

Kames Income Hub


Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Matthews Asia Funds Asia Dividend
Matthews Asia Funds Asia Dividend...

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Gary Shepherd


Portfolio Adviser

Gary joined Last Word Media in 2009, becoming editor of Portfolio Adviser a year later. Previously, he worked at Incisive Media with roles across its Professional Adviser, Investment Week, Bloomberg Money and Mortgage Solutions titles. Gary has been shortlisted for various awards, winning Headline Money Investment Writer of the Year in 2010.



Investment Strategy




PA Channel Island 2016
PA Channel Island 2016

8th November 2016
The Royal Yacht, Jersey


17th November 2016
The Andaz

PA Emerging Markets 2016
PA Emerging Markets 2016

1st December 2016
The Mayfair, London

Sponsored Content

Investment Strategy