More groups migrating to Ucits III regime

JPMorgan has used the conversion of its range to Ucits III to make a raft of fund changes, including...

JPMorgan has used the conversion of its range to Ucits III to make a raft of fund changes, including a different investment approach for its high-yield bond offering. The JPMF UK High Income Corporate Bond fund is to become a global high-yield bond offering renamed JPMF Global High Yield Bond Fund The £55m fund's management will pass from Peter Clelland to Rob Cook in the US. The changes will see the portfolio focused around US high-yield bonds hedged into sterling. The changes, which will come into force on 1 July 2005, will coincide with a fall in the annual management charge on the ...