JP Morgan

Equity income stocks could be among the biggest losers from an environment in which investors prepare for a tapering of US QE, investors have warned.

J.P. Morgan Asset Management (JPMAM) is closing two underperforming funds, including a commodities fund run by Neil Gregson which has suffered sizeable losses following the sell-off in the mining sector.

J.P. Morgan Asset Management's Clare Hart is taking an underweight position in US consumer staples despite a strong run of performance.

RUSSIA

Miners have taken a battering over the past two years but Neil Gregson, manager of the £1.4bn J.P. Morgan Natural Resources fund, tells Annabelle Williams where he is looking for fresh opportunities.

CONTRARIAN

JPMorgan Chase head Jamie Dimon survived a protest vote at the firm's annual shareholder meeting yesterday, which may have stripped him of his role as chairman.

Andrew Bell, chairman of the Association of Investment Companies (AIC), has warned many boards have not moved quickly enough to reduce charges on their investment trusts.

Fund buyers have been selling out of high yield bond funds as liquidity dries up in the secondary market and they predict little value remains in the asset class.

The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.