JP Morgan is set to launch a fund which will invest in financial stocks worldwide. The portfolio wil...
JP Morgan is set to launch a fund which will invest in financial stocks worldwide. The portfolio will follow the analyst-driven style of the company's other sector funds, Teletech and Pharmatech. The JP Morgan Global Financials Equity fund will be Luxembourg domiciled. The minimum investment is $50,000. Stock selection will be based on JP Morgan's established process. Portfolio manager Alistair Sayer said: "The process starts with each analyst calculating a long-term expected return for each of the stocks they cover. The local inflation rate is then stripped out and the stocks are ranked...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes