Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

JP Morgan brings Global Allocation fund to UK

JP Morgan has launched its Global Allocation strategy, which has a three-year record in the US, into the UK.

The Global Allocation fund will be managed by: Citywire + rated Talib Sheikh, who already runs several other multi-asset products at the group; Jeffrey Geller, chief investment officer for the firm’s US global multi-asset team; James Elliot, the London-based chief investment officer of JP Morgan’s international global multi-asset group; and Jonathan Cummings, a former JP Morgan private banker now on its global multi-asset desk.

The US version of the fund – which is also managed by Geller, Elliot and Cummings – has returned an annualised 6.6% since inception in May 2011 compared with an average of 5.6% from its Global Flexible Portfolio Funds peer group.

The UK fund will have a composite benchmark of global equities and bonds; in the US portfolio, the greatest weightings are currently 35.6% to US equities, 23.1% to international equities, and 12.3% to high yield bonds.

The fund’s annual charge will range from 0.65% to 1.25% depending on the share class.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter