JP Morgan

J.P. Morgan launched its thematic Global Consumer Trends fund in April 2008 as a way for investors to gain direct access to the consumer growth story and changing consumption patterns across the world.

Hedge fund manager John Paulson, who made billions by betting against subprime mortgages, has begun to exit the large positions he took in the hard hit banking sector last year.

J.P. Morgan's Global Consumer Trends fund is expected to move from Specialist into Global Growth following the IMA's proposed changes to the sector, to compete with Graham French's £4.9bn M&G Global Basics.

J.P. Morgan Asset Management has added a sterling-hedged share class to its £122m Europe Dynamic Ex-UK fund.

J.P. Morgan's Brazil IT is now fully invested, and running with a heavy bias towards the domestic consumer.

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The manager of the £109m J.P. Morgan Mid Cap investment trust has significantly reduced the fund's gearing on concerns over the UK economic outlook.