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.”