St. James’s Place unveil Lumina portfolios

Over 9,000 ETFs and funds were reportedly screened in the selection process.

Wealth management firm St. James’s Place has launched Lumina, a range of multi-asset portfolios.

The portfolios are built on a foundation of lower-cost funds and exchange traded funds (ETFs). 

Over 9,000 ETFs and funds were screened in the selection process, St. James’s Place said in a press release, with the firm considering key criteria such as the manager’s reputation, historical track record, strategy and whether they have proven ability to outperform.

“Through smart rebalancing guided by a discretionary approach, these portfolios help clients remain aligned with their long-term investment objectives,” St. James’s Place said in a press release announcing Lumina.