JP Morgan Asset Management (JPMAM) has launched a global equity absolute return fund to meet what it said was rising investor demand for products that can be benchmarked against cash.
The JPM Global Equity Absolute Alpha fund, which launched today and will be managed by ex-Schroders manager Gary Clarke, is a UCITS III portfolio going long and short of global equities. Clarke, who already runs the group's £181m JPM Global fund, joined JP Morgan last year from Schroders where he was head of European equities. He is also working alongside Peter Kirkman on the group's Global Consumer Trends fund. Jasper Berens, head of UK retail, said: "Investors are constantly asking us how funds have done against cash, as they do not want nasty surprises. That is absolute return i...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
