JPM launches EM Income fund for Titherington

J.P. Morgan Asset Management (JPAM) has launched an emerging market income fund for Richard Titherington.

Titherington, chief investment officer for emerging market equities and manager of the group's GEM Income trust, will tap into high dividend-paying emerging market companies. The fund will target an initial yield of 4%, and will hold up to 20% in emerging market debt. Mike Parsons, head of UK Fund Sales at JPAM said: "I have said for a long time that UK investors have too much reliance on UK-centric funds for their income needs and are missing out on more compelling returns from overseas companies. "As UK interest rates remain at record lows, it is time for investors to start di...