JP Morgan launches global property fund

JP Morgan Asset Management has launched a Global Property Securities fund, run by the group's US-based global property team. The lead manager on the fund is Scott Blasdell, based in the US. Benchmarked against the Global Property Research 250 index, the portfolio will hold only property shares, including Reits, with no bricks and mortar. At outset, it will have a slightly underweight position in North America and slight overweight in Asia. The group has also added to its total return range by launching the new JPM Balanced Total Return fund. The fund aims to deliver a return of 5% above ...