SJP places Alternative Assets and Japan funds on watchlist due to performance issues Number of funds receiving a ‘red’ rating in its second AoV report falls from five to two St James’s Place has placed funds from Wellington Management and Nippon on its internal watchlist after they scored poorly for performance in its second assessment of value (AoV) report. In its second AoV report two funds, Alternative Assets and Japan, received a “red” rating for “having attributes which challenge whether overall value is being delivered”. This was an improvement on last year when five funds were flagged for poor performance by the fund board.