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.”