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Dynamic entrance

JP MORGAN FLEMINGJPMF Europe Dynamic (Ex
UK) FundType: OeicAim: Growth by investing in growth and value stocks
in Europe excluding the UKMinimum investment: Lump sum £3,000,
monthly £100Investment split: 100% in growth and value stocks in
Europe excluding the UKIsa link: YesPep transfers: YesCharges:
Initial 5.5%, annual 1.5%Commission: Initial 3%, Isa renewal 0.5%Tel:
0800 727770JP Morgan Fleming’s European dynamic ex UK fund is an Oeic
that looks for growth and value stocks across Europe.

Brian Pack Financial Services principal Brian Pack is finding the
investment market very quiet at present so he feels this fund has
been introduced to the market at a critical time.

He says: “JP Morgan Fleming is offering a fund that can invest in a
market with a very flexible mandate that is not constrained by
benchmarks. This opportunity can be viewed as a good future growth
prospect in a market where the short-term future is possibly
stagnant.”

Pack refers to JP Morgan Fleming’s investment track record as
excellent and categorises this fund’s risk factor as medium to high.
He says: ” The literature is informative but bland. The charges are
slightly high in the current climate of cost awareness while the
adviser remuneration is average to high.”

In Pack’s view, any other European fund with a good track record will
compete with this offering. He concludes: “You need to accept that
the European market has a possible uncertain short-term future. The
two managers are running a very wide mandate which could cause
problems in the short term.”

BROKER RATINGSSuitability to market: GoodInvestment strategy:
GoodCharges: AverageAdviser remuneration:
AverageOverall 7/10

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