JP Morgan launches multi-asset investment trust

Targets 6% return p.a.

Victoria McKeever
clock • 2 min read

JP Morgan Asset Management (JPMAM) has launched a multi-asset investment trust, which has a long-term return objective of 6% per annum, net of fees and an initial quarterly 4% dividend.

The JPMorgan Multi-Asset Trust (MATE) investment team will aim to achieve these returns with a typical volatility at two-thirds that of a traditional equity portfolio. The new investment trust is designed to offer investors both income and capital growth from a globally diversified, flexible multi-asset strategy. It also presents a rollover option for shareholders of JPMorgan Income & Capital Trust plc (JPI) - a split capital trust scheduled to wind up imminently. The management fee for JPMAM MATE will be 0.65% of net asset value up to £250m and 0.60% thereafter. The investment trust ...

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