View more on these topics

JP Morgan multi-asset income fund moves to cautious sector

The £68m JP Morgan multi-asset income fund has moved from the specialist to cautious sector to better reflect the fund’s volatility.

The firm says that the sector change better reflects the profile of the fund and reinforces its standing as a core investment solution.

The managers of the £68m fund have also introduced emerging market income stocks to the portfolio as well as a covered call strategy to maximise income generation within the fund.

Client portfolio manager Olivia Mayell says: “The fund has a lower volatility level than many other income funds and it fits well alongside others in the cautious managed sector. In this sector we can now be compared against our closest peers and to enter it in the top decile with a below average level of volatility is a great achievement and testament to the expertise of our team.”



FSCS upholds five Clarkson Hill complaints

The Financial Services Compensation Scheme has received 45 complaints against IFA Clarkson Hill after the failed national went into default in May. So far, five complaints that have been upheld, adding up to a total of £160,000 with 10 rejected and 30 still in consultation. The FSCS says it expects to resolve the remaining cases […]


Ponzi suspect extradited from Spain

Richard Pollett, a suspect in the alleged fraudulent Gilher investment scheme, has been returned from Spain and appeared before Bradford Magistrates today charged with conspiracy to defraud. The 69-year-old is the second person to be charged over the alleged “ponzi” investment scheme that targeted UK based investors and expatriates living in Spain after John Hirst […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment