JPM mulls launch of mining fund for Ian Henderson

J.P. Morgan is considering the launch of a global mining fund for resources manager Ian Henderson in the first quarter of next year.

The fund will aim to provide long-term capital growth by investing in companies worldwide engaged in the production of gold, precious metals, base metals and coal. Henderson's £2.3bn Natural Resources fund currently has about 76% invested in mining companies, with Rio Tinto the fund's largest holding at 4%. J.P. Morgan bolstered its natural resources team earlier this year with the appointment of Neil Gregson, who joined from CQS Asset Management in September to work alongside Henderson and his co-portfolio manager Stuart Connell. "We recognise some people may prefer to make asset ...