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JP Morgan to launch global mining fund

JP Morgan Asset Management is to launch a global mining fund on February 1, just weeks after it soft closed its Luxembourg-domiciled JPM Global Natural Resources fund.

Managed by Neil Gregson, the JPM Global Mining fund will focus on the mining sector.

It will tap the expertise of the group’s natural resources team and will invest primarily in companies engaged in mining or mining related activities. Gregson will typically hold between 50 and 100 stocks across all market capitalisations.

Gregson will focus on companies he expects to achieve growth of reserves and production, while at the same time identifying undervalued mining assets which will benefit the portfolio.

He joined last year, having spent 20 years within the natural resources sector, including a period running a mining fund at Credit Suisse Asset Management.

The global natural resources portfolio management team is understood to have raised concerns that if assets in the JPM Global Natural Resources fund continue to grow, it could affect the management of the fund and result in a hard closure.


Grand stand

Why is grandfathering being stamped on as an almost evil thing that cannot be allowed? The basic definition of grandfathering is that when rules change, current participants are unaffected and the new rules only apply to new participants. The Aifa view is it cannot support grandfathering as it believes it is against the interests of […]

Broker bans reach 100 as five more are kicked out

The FSA has banned five mortgage intermediaries and fined one of them £104,000, bringing the total number of mortgage intermediaries banned since December 2006 to 101. Mark Thorogood, trading as Property Park Mortgages, was fined £104,294 and banned for working in financial services after the FSA found he had knowingly submitted fraudulent mortgage applications for […]

RBS in talks to quit Asset Protection Scheme

Royal Bank of Scotland and the Treasury are in talks to see how the state-backed bank can leave the Asset Protection Scheme early. The APS, which was set up in January 2009, provides Government protection against future credit losses in exchange for a fee. It aims to increase confidence in the participating institutions and to […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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