By Dylan Emery JP Morgan has brought out a fund giving exposure to the European and more mature US c...
By Dylan Emery JP Morgan has brought out a fund giving exposure to the European and more mature US corporate bond markets. The Luxembourg-based JP Morgan Global High Yield Fixed Income fund is a euro-denominated portfolio that invests mostly in B-rated debt. Class 'A' shares in the fund are for investors with more than E50,000 and have a TER of 1.25%. From E5m, Class 'B' shares become available and the TER drops to 0.9%. From E10m, the TER is capped at 0.6%. The fund is inspired by its US counterpart, the JP Morgan Corporate High Yield Bond fund. The two portfolios will be run by the...
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