JPM to merge UK funds following review

Alice Rigby
clock

J.P. Morgan Asset Management is merging its underperforming UK Focus fund into its UK Dynamic fund following a strategic review.

The £49m UK Focus fund has posted significant underperformance over one, three and five years, dropping to the bottom quartile of the UK All Companies sector. Conversely, the £153m Dynamic fund sits in the top quartile of the same sector, having consistently outperformed it over the same time periods. The two funds have a broadly similar investment objective, focusing on long-term capital growth by investing in UK equities. The newly merged fund will be managed by the team currently responsible for the Dynamic fund: John Baker, Jon Ingram and Blake Crawford (pictured). The merge...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot