JP Morgan

Today's announcement star manager Ian Henderson will be stepping down from J.P. Morgan's £2bn Natural Resources fund has led some wealth managers to consider alternative funds.

Ian Henderson is to step down as manager of the £2bn JPM Natural Resources fund in January 2012, to be replaced by Neil Gregson.

JPMAM economist Dan Morris says credible end to the crisis is in sight with progress made towards hitting three crucial benchmarks.

The S&P 500 has opened down 0.85%, with financials under pressure after J.P. Morgan reported its third quarter results.

The European investment trust sector has grown dividends faster than any other over the last five years, even outstripping commodities-focused investment trusts, with payouts increasing by a fifth.

Investment trust analysts have labelled the Henderson TR European Growth trust a ‘sell' following a move by manager Ollie Beckett to take it down the market-cap spectrum.

More than 150 UK domiciled funds - equivalent to 12% of the total universe of funds today - have raised annual management fees over the past decade, a new Lipper study has revealed.

NOT A DONE DEAL

J.P. Morgan has decided to close its £9m US Growth Alpha Plus fund as significant outflows have seen the portfolio dwindle in size.

JPMAM manager reveals concerns for high yield and the future of the central bank model