JPM adds hedged share class to Europe fund

J.P. Morgan Asset Management has added a sterling-hedged share class to its £122m Europe Dynamic Ex-UK fund.

Head of UK retail sales Jasper Berens says clients have requested the new share class in the wake of increased currency volatility. "As the euro continues to weaken against sterling it is right to give investors, who are not prepared to be exposed to both market and currency risk, a choice between share classes," he says. "We firmly believe there are many advisers and investors who would invest more in European equities right now, but are nervous about the currency risks of doing so. The launch of this hedged share class removes this risk." Launched in 2004, the fund aims to maximi...