JPM Europe fund rebounds as value returns to form

ONE TO WATCH

After a tough period post-crisis, managers Baker and Ingram have turned around the performance of the J.P. Morgan Europe Dynamic (ex-UK) fund, propelling it to the top decile of its peer group over one year.

Despite worrying inflation figures that caused the European Central Bank to cut interest rates last month, the European recovery has been one of the success stories of 2013. The average fund in the IMA Europe ex UK sector is up 28% in the last year, as stocks continue to re-rate. One of the funds which could be set to benefit most from this trend is the £116m J.P. Morgan Asset Management Europe Dynamic (ex-UK) fund, managed by Jon Ingram (pictured) and John Baker. After a long period of underperformance mid- and post-crisis, the fund’s value-orientated approach has begun to reap re...