JP Morgan Asset Management has launched a Global Property Securities fund, run by the group's US-bas...
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 base rates over five years. The managers, Neill Nuttall and Talib Sheikh, are able to invest up to 80% of the portfolio into equities if the conditions look favourable, however they can still hold up to 90% in cash or bonds, should they need to take a more defensive position.
The new JPM Balanced Total Return Fund, is designed to complement its sister fund, the Cautious Total Return fund which was launched last year.
The new Balanced Total Return fund will use the best ideas from JP Morgan's investment process, combining a top-down view with bottom-up research.
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Launching later in 2019
£80bn funds under calculation