US equity fund launched by JPMF

JP Morgan Fleming has launched a US equity fund benchmarked to the S&P 500 Composite, but focusing on the higher risk end of the scale. The US Dynamics fund, managed by Andrew Spencer, will diversify out some of this risk by giving roughly equal weightings to the fund's 100 holdings. Jonathan Price, product director, US equities at JP Morgan Fleming, said: "The US Dynamic fund brings together our best US stock ideas, which are generated by the same systematic and disciplined approached used in our other dynamic funds. "The fund will hold around 100 different stocks and is managed using a...