JPM launches concentrated US equity fund

The fund will offer a concentrated portfolio of between 20 and 40 large cap US equities, with a bottom-up approach to stock picking. Combining value and growth style investing, it will be co-managed by Jonathan Simon and Greg Luttrell. "Five years ago when investors asked us for income-orientated exposure to US equities, we launched the JPM US Equity Income Fund. That strategy has grown to more than £2 billion in assets and accounts for more than 7% of assets under management in the IMA's North America sector," said JPMAM head of UK field sales Mike Parsons. "Now, with economic con...