JPM expands multi-asset range as Elliot takes charge

J.P. Morgan Asset Management(JPMAM) has expanded its multi-asset fund range with the launch of a macro fund for James Elliot, who took over as head of the division in December.

The JPM Multi-Asset Macro fund targets an absolute return over rolling 12-month periods, and will invest in a broad range of asset classes including equities, bonds, currencies and derivatives, with the flexibility to move 100% into equities. Sitting in the IMA Absolute Return sector, the fund will utilise the best macro-economic ideas of JPMAM's global multi-asset group. The vehicle has a minimum initial investment of £1,000 and an annual management charge of 1.5%. "There is significant demand within the UK for total return funds, as evidenced by the growth in the IMA's absolute r...