JPMorgan goes up against BlackRock with total return fund

The new fund is a hedged version of the existing Highbridge fund; domiciled in Luxembourg, the fund will aim to give investors a return of Libor +4 to 6pc per annum. It is designed to allow investors to protect against the effect of foreign exchange rates. Jasper Berens head of UK retail sales at JPMorgan, said: "I think that in this current market, total and absolute return funds are coming of age. It seems that all the consumer research there is shows that retail investors are ultimately psychologically benchmarking their returns against how they would have done if they had left their ...