Global asset manager Schroders has been awarded a £5.2 billion (US$6.3 billion) sustainable investment mandate by UK fund manager and life insurance business St. James’s Place (SJP). The allocation – expected to transition during Q1 – will be made by SJP’s Sustainable and Responsible Equity fund, for which Schroders will be sole manager. The fund will invest in Schroders’ Global Sustainable Growth and Global Value Equity investment strategies. All three funds will be adopting the UK Financial Conduct Authority’s ‘Sustainability Focus’ label under its Sustainability Disclosure Requirements (SDR). “The bar to be a labelled fund is very high and will help clients to better understand how their money is being invested in companies that aim to deliver a positive outcome for people and the planet,” said Justin Onuekwusi, SJP’s Chief Investment Officer. “Schroders is a well-regarded expert of sustainable investing, with a diversified approach. They have depth of experience across different equity investment strategies, which can provide a more balanced blend of investment styles for the fund.” These changes, which will come into effect from 24 February, aim to improve both firms’ diversification and introduce a balanced blend of investment styles, while maintaining a focus on sustainability. “Clients, investors and the industry are increasingly focused on bespoke investment solutions that are able to deliver strong risk-adjusted returns together with a comprehensive commitment to sustainability,” said Alex Tedder, Co-head of Equities at Schroders. “Our broad-based capability and commitment to active management puts us in a strong position to meet client objectives in a rapidly transforming investment environment.”
