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 Preservat...
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