JPMorgan launches US Eq Income fund

US fund manager Clare Hart will run the fund, which will invest primarily in large and mid-cap stocks. She will target total returns from dividends and capital appreciation, with dividend yield 1% greater than the S&P 500. The new fund will sit alongside JPMAM's existing range of US equity products. Jasper Berens, head of UK retail sales at JPMorgan Asset Management, says: "UK advisers and investors have too much money concentrated in UK equity income funds at a time when the UK economy is suffering, and will do for the foreseeable future. It must be in the interest of all advisers and in...