Asset Management

SJP awards Schroders £5.2bn ESG mandate after dumping Impax

Schroders to become sole manager on the fund next month, which will adopt one of the FCA’s ESG labels

SJP said it hoped that adopting one of the FCA’s ESG labels would boost transparency for clients HENRY NICHOLLS/AFP via Getty Images
SJP said it hoped that adopting one of the FCA’s ESG labels would boost transparency for clients HENRY NICHOLLS/AFP via Getty Images

Wealth giant St James’s Place has awarded Schroders a £5.2bn responsible equity fund after dumping sustainable investor Impax Asset Management from the mandate.

SJP confirmed Schroders would take over the SJP Sustainable & Responsible Equity fund from 24 February, at which point it will adopt the sustainability focus label under the Financial Conduct Authority’s new ESG regime.

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