JPM manager tops performance charts with 1,600 holdings

Why Talib Sheikh's fund has 1,600 holdings

Launched in June 2009, the £315m JPM Multi-Asset Income fund has successfully tapped into investors' desire for diversified sources of income, under the management of Talib Sheikh and Michael Schoenhaut.

Although principally focused on providing a sustainable payout level, the fund's strong capital returns have seen it rise to the top of the IMA Mixed Investment 20-60% Shares sector since launch. The fund is top quartile over one, three and five years: it has returned 54% in the five years to 8 August compared with a sector average return of 42%, according to Morningstar. Here Sheikh explains why holding 1,600 securities will become more important in the current environment, the attractions of mortgage debt, and why the prospects for UK dividends may be on the wane. As yields fall...