JPM launches bond/equity income fund for EM CIOs

J.P. Morgan Asset Management has launched a Total Emerging Markets Income fund to be run by Richard Titherington and Pierre-Yves Bareau.

The Luxembourg-domiciled fund will combine investments in debt and equity and will target an annualised 6% gross yield. Titherington, CIO of emerging market equities, and Bareau, CIO of EM debt, will be supported by more than 75 investment professionals from eight worldwide offices. Titherington said: "Broadening the emerging markets opportunity set to incorporate both equity and debt has the potential to provide strong risk-adjusted returns and a stable source of income. "Investors are increasingly realising emerging markets can be a source of growth as well as yield but are mindf...