JP Morgan is to launch a global healthcare Ucits fund underneath its Luxembourg umbrella. The JPM Gl...
JP Morgan is to launch a global healthcare Ucits fund underneath its Luxembourg umbrella. The JPM Global Healthtech Equity fund, to be run by Andrew Cormi and Shawn Lytle, will have a portfolio of 40 to 70 stocks invested in pharmaceuticals, biotech, medical technology and healthcare services. Although JP Morgan has not sold a healthcare fund before, the company is not hiring a healthcare team. The new fund is a mirror of a e2.3bn healthcare fund that JP Morgan sub-advises for a German bank. The migration to a Sicav will provide the opportunity for the team to open its fund to the whole...
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