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SJP terminates Impax from £5.2bn sustainability fund

Wealth Management Correspondent

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St James’s Place has booted Impax Asset Management off a £5.2bn responsible equity fund, severing ties with the sustainable investment group.

Impax, which has £37.2bn in assets, announced it had been terminated from the SJP Sustainable & Responsible Equity fund in a regulatory filing on 13 December.

Move will result in a £12.7m annual hit to the sustainable investment group’s revenue

Kristen McGachey

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