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JPMAM to launch US equity income fund

JPMorgan Asset Management is to launch a US equity income fund on December 15.

The fund will invest primarily in large and mid-cap stocks and will aim for total returns from both dividends and capital appreciation, targeting a dividend yield of 1 per cent greater than the S&P 500.

Clare Hart, who is lead portfolio manager for the JPMAM equity income fund and the growth and income fund will manage the new fund as well as overseeing analytical coverage for the US equity value team.

JPMorgan Asset Management head of UK retail sales Jasper Berens says: “UK advisers and investors simply have too much money concentrated in UK equity income funds at a time when the UK economy is suffering, and will do for the foreseeable future.

“There are many reasons why the US equity market currently looks attractive – US valuations are particularly attractive having rarely been lower and therefore having some exposure to the world’s largest economy makes sense.”


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