JB Were switches overseas manager
J B Were Trusts has swapped international equity investment mangers, changing from Morgan Stanley to Wellington Management Company LLP.
J B Were Trusts has swapped international equity investment mangers, changing from Morgan Stanley to Wellington Management Company LLP.
The change will affect the J B Were Overseas Pooled fund in which the JB Were international and balanced funds.
While Wellington still offers a bottom up investment approach, head of sales and marketing at J B Were, Jim McKay, says the approach is neutral.
McKay says the approach reduces volatility, as opposed to Morgan Stanley's value driven basis, which is critical in working with JB Were's retail investors.
"As a manager we understand retail investors are looking for less volatility and departure from benchmarks than Morgan Stanley had de-livered."
"Wellington's track record is very good, however we based the deci-sion on style and ability to deliver more consistent performance."
JB Were says they also plan to offer a broader range of international options before the end of the year.
Wellington Management is an independent, private limited liability partnership based in Boston boasting $325 billion under management.
AUTHOR
Jason Spits
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