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JP Morgan offers two offshoots of top-quartile Euro fund

JP Morgan Asset Management is building on its expertise in the European small companies market by adding growth and value versions of its existing fund to its Luxemburg-based Sicav range.

The funds, which launched officially on January 10, have now received UK distributor status. They are designed to offer investors an extension to the £212m European small-cap fund.

The two new funds will be co-managed by Jim Campbell, Georgina Brittain and Francesco Conte.

Campbell and Conte have already steered the European small-cap fund to top-quartile performance over three and five-year periods.

The trio will search for suitable stocks through a market-cap range benchmark before running each stock through a liquidity screen prior to selection.

The growth fund currently comprises 190 stocks while the value fund holds 150.

Head of UK sales Jasper Berens says: “We felt that these funds were a natural extension for our offering and are ideal for funds of funds, discretionary asset managers and top-end IFAs.

“We are still looking at the possibility of bringing the vehicles onshore but no firm plans are in place.”

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