JPMorgan Fleming Asset Management has today launched the JPMF Capital Protection-Global Growth five-...
JPMorgan Fleming Asset Management has today launched the JPMF Capital Protection-Global Growth five-year fund which is designed to protect capital from stockmarket fluctuations, based on a basket of stocks from the firm's existing stockmarket funds and bonds.
Growth is linked to a globally diversified basket of JPMorgan Fleming funds - which JPMF hopes will stave off some the short-term low investor confidence discovered in the JPMF Investor Confidence Survey - and can be included as part of an Isa.
Chris Tracey, JPMorgan Fleming's Global Strategist says: "After several years of volatile stock market conditions, investors have become more risk averse. With many having lost money in technology stocks, there is a reluctance to commit new money to the stock market, despite the long-term out-performance of equities over cash and bonds. Meanwhile, traditional savings deposit accounts are offering the lowest interest rates for a generation.
"With stock market sentiment generally depressed, and the major stock market indices well below the previous highs, now is an opportune moment to enter the market," adds Tracey.
All of the capital invested is return after five years as well as 75% of all total returns achieved by the linked funds.
The fund has a five-year fixed term, maturing on December 7, 2006, and investors have between 22nd October and 5th December 2001 to invest.
Initial commission is 3% and minimum investment is £3,000 in lump sum only.
There is an exit penalty if the investment is not held for the full five years, however, there are no initial or annual charges.
Any additional growth will be 75% of the total return of the linked funds, calculated as the difference between the average of the first 13 monthly valuations and the average of the last 13 monthly valuations over the five year period.
For more information, contact JPMF on 0800 727 770 or clck thru the right-hand link to JP Morgan Fleming.
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