Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

JP Morgan Asset Management launches high alpha US equity fund

JP Morgan Asset Management launches high alpha US equity fund

JP Morgan Asset Management (JPMAM) is to launch an onshore version of its high alpha US fund, Wealth Manager can reveal.

The JPM America Oeic is a replica of the JP Morgan Funds - America Equity Luxembourg Sicav, managed by Jonathan Simon (pictured left) and Greg Luttrell (right).

In 2013 the fund returned 37.2% compared to a 30% rise by the S&P 500 and over three years it has returned 44.5% versus 48.2% for the benchmark.

The fund will hold a range of 20-40 high conviction value and growth stocks with Simon responsible for investments in the former and Luttrell the latter. Within the strategy, 82% of holdings differ from the S&P 500 and it has a high tracking error.

The pair will have the flexibility to tilt strategically towards growth or value styles in response to market conditions.

Commenting on the launch, JPMAM head of UK field sales Mike Parsons said the decision to bring the fund onshore was in response to a shift in investor demands from US equities.

'Five years ago when investors asked us for income-orientated exposure to US equities, we launched JPM US Equity Income Fund. That strategy has grown to more than £2 billion in assets and accounts for more than 7% of assets under management in the IMA’s North America sector,' Parsons said.

'Now, with economic confidence recovering and macro headwinds subsiding in the US, investors are asking us for higher alpha exposure. For UK investors accessing US equities, there is a gap in the marketplace for concentrated, actively managed portfolios.'

The JP America fund, which launches on 31 January, will sit alongside the JP US Select, US Smaller Companies and US Equity Income Oeics, along with the JP Morgan American Investment Trust and JP Morgan US Smaller Companies Investment Trust.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Jonathan Simon
Jonathan Simon
30/69 in Equity - North America (Performance over 3 years) Average Total Return: 64.45%
Gregory Luttrell
Gregory Luttrell
69/139 in Equity - North America (Performance over 3 months) Average Total Return: 5.20%
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter