The total number of funds now available on James Hay Wrap totals 1,304 funds from 56 different providers and the number of funds on its collect SIPP platform is 1,007 from 45 different providers. Investors using James Hay Wrap can now choose retail and institutional funds, open ended investment companies and unit trusts at competitive and preferential terms. Together, the James Hay self-invested personal pension (SIPP) and wrap businesses have over GBP13 billion under administration.

James Hay Wrap offers free fund switches and automatically returns rebates to client accounts. Unlike many competitors, James Hay has a philosophy that supports ‘any fund, in any tax wrapper at any time’ and has no preferred fund houses or investment styles. Advisers can buy any fund they and their clients choose.

Shaun Sandiford at James Hay, said: This newly launched fund offers investors a rare opportunity to invest in the returns potential of sub-Saharan Africa.