JPM launches multi-asset income fund

The portfolio comprises a diversified basket of global high-yielding securities, including equities, Reits and fixed income - such as investment grade, emerging market debt, high-yield corporates and convertible bonds. Run by US-based managers Michael Schoenhaut and Michael Fredericks, the Ucits III fund will mirror the JPM Global Income Sicav, which came to market last December and is currently up over 12% since inception, excluding yield. JPM Multi-Asset Income, which has been seeded with £10m, distributes income quarterly and will sit in the IMA Specialist sector. Jasper Berens,...