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.

JPM launches best ideas macro fund for Elliot

JPM launches best ideas macro fund for Elliot

JP Morgan Asset Management has launched a new multi-asset fund enabling investment chief James Elliot to back his best macro ideas. 

Elliot, who is chief investment officer for Europe and Asia in the firm’s global multi-asset group (GMAG) division, will be supported by fund managers Talib Sheikh and Shrenick Shah on the JPM Multi-Asset Macro fund.

The trio take what they perceive to be the best ideas from across GMAG in a bid to provide a total return above cash, net of fees, over rolling 12 month periods. 

The fund aims to exploit inefficiencies across a wide spectrum of sectors, including equities, bonds, commodity index instruments, currencies, convertible securities, collective investment schemes and other linked instruments, such as derivatives.

It becomes the fourth fund in the JP Morgan multi-asset suite, sitting alongside the JPM Multi-Asset Income, Cautious Total Return and Balanced Total Return funds.

Mike Parsons (pictured), JP Morgan Asset Management head of UK fund sales, said: ‘Our GMAG investment team has a vast amount of experience investing across asset classes, particularly James Elliot.

‘There is significant demand within the UK for total return funds – as evidenced by the growth in the IMA’s absolute return sector in recent years, which has seen assets under management grow from around £3.7 billion in 2008 to some £27.4 billion in 2012.’

Sheikh’s Multi-Asset Income fund is up 28.4% over three years compared to a 20% peer group average.

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 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.

Play Henderson's Lofthouse on merger boost and political risk

Henderson's Lofthouse on merger boost and political risk

Ben Lofthouse talks through where he is finding income and what surprises await the global economy in the new year.

Read More
Your Business: Cover Star Club

Profile: 'a lot of the hard work is done' says Charles Stanley

Profile: 'a lot of the hard work is done' says Charles Stanley

We’ve turned a corner, and there is positive momentum behind Charles Stanley says Charles Stanley's private client head

Wealth Manager on Twitter