JPMorgan is planning to bolster its range of total return funds, with a more aggressive vehicle offe...
JPMorgan is planning to bolster its range of total return funds, with a more aggressive vehicle offering a higher equity weighting.
The group currently runs two vehicles, Cautious Total Return and Balanced Total Return, which have target returns of cash plus 3% and cash plus 5% respectively.
Campbell Fleming, managing director at JPMorgan Asset Management, said the product will have a higher target return, provisionally cash plus 7%, and sit in the Active Managed sector.
The group first moved into the target return space with the launch of its European Sicav, JPM Global Capital Preservation, in 2004.
Its Cautious Total Return product, which has a maximum 40% exposure to equities, launched in July 2005, followed by the Balanced vehicle in September 2006.
Both products are managed by Taleb Sheikh and Neill Nuttall. The group is yet to decide whether the pair will take control of the planned launch.