Morningstar welcomes soft closure of JP Morgan Equity Income

Retains gold and silver ratings

James Baxter-Derrington
clock • 1 min read
JP Morgan Equity Income will close to new investors on 30 September 2021
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JP Morgan Equity Income will close to new investors on 30 September 2021

Morningstar has welcomed the soft closure of the $48bn JP Morgan US Equity Income fund, which will close to new investors on 30 September 2021, according to an SEC filing.

Analyst Claire Butz described the closure as "welcome" and stated the strategy would retain its Morningstar analyst ratings of gold and silver. She noted inflows to the fund had continued at pace, recording $3.3bn in 2020 and more than $4bn in assets from the start of the year to July 2021. JP Morgan American trust ditches stocks on ESG concerns Butz described lead manager Clare Hart as "an industry veteran with an impressive track record", who has managed to outperform the index and sector since she joined in 2008. "Since [Hart] came aboard this strategy in August 2008 through ...

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