By Robert Maharajh JP Morgan is set to launch a fund which will invest in financial stocks worldwid...
By Robert Maharajh JP Morgan is set to launch a fund which will invest in financial stocks worldwide. The portfolio will follow the analyst-driven style of the company's other sector funds, Teletech and Pharmatech. The JP Morgan Global Financials Equity fund will be Luxembourg domiciled. The minimum investment is $50,000. Stock selection will be based on JP Morgan's established process. Portfolio manager Alistair Sayer said: "The process starts with each analyst calculating a long-term expected return for each of the stocks they cover. The local inflation rate is then stripped out and t...
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