JPMorgan Asset Management has launched a global equity income fund, managed by Gerd Woort-Menker. T...
JPMorgan Asset Management has launched a global equity income fund, managed by Gerd Woort-Menker.
The UK Oeic has an estimated gross yield of 4% and aims to provide increasing dividends as well as long-term capital growth. JPMorgan decided to launch the global portfolio because dividend growth had been performing well in other parts of the world besides the UK.
For example, studies from the group have shown over the last eight years dividend growth in Europe has been 143% compared to 115% in the UK.
The manager is not constrained by sector, geographical region, company size or benchmark weighting. The fund also has a focus to invest in companies whose dividend and share price will increase over the medium to long term.
The minimum investment is £3,000. It has an annual management charge of 1.5% and has an initial charge of 5.5%.
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