JPMorgan fund aims for 3% above base rate

JPMorgan Asset Management is to offer a fund that targets 3% above cash, to be launched on 1 July. ...

JPMorgan Asset Management is to offer a fund that targets 3% above cash, to be launched on 1 July. The fund is to be called JPM Cautious Total Return fund and is designed for investors seeking a higher return than cash without the volatility traditionally associated with equities. Miles Geldard, chief investment officer and head of the JPMAM's global Multi Asset Group, will be lead manager on the fund. Rather than investing solely in traditional bonds or equities, the Cautious Total Return fund's portfolio will invest in a mix of cash instruments, bonds, convertibles and equities. Th...