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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.”


Emerging markets set to offer favourable long-term returns, says Batterymarch

The underlying fundamentals of emerging markets are weathering the financial crisis and are set to deliver favourable returns in the long-term, says Batterymarch portfolio manager Ray Prasad.Batterymarch is a subsidiary of asset manager Legg Mason and manages a total of approximately £3.55bn in emerging markets equities.According to the firm’s fund manager Ray Prasad, the turbulence […]


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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