JPMorgan asserts its Peg fund has outperformed its FTSE All-Share benchmark in each of the 14 years since it was started, but, as Kira Nickerson discovers, it hasn't always been plain sailing
The Save & Prosper Premier Equity Growth (Peg) fund is a name from the past for most intermediaries - a core UK equity holding through much of the early 1990s. But while it may appear to have disappeared off the radar screens, despite the numerous name and manager changes, the portfolio still exists and has continued to be managed in the same fashion throughout the past 14 years. Now called JPMorgan Peg, the fund has some £718m in assets and currently sits at the bottom of the IMA's UK All Companies sector over the three months to 9 July - and also does over one and three years, although i...
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