JPM launches concentrated US equity fund

J.P. Morgan Asset Management is to launch an onshore version of its Luxembourg-domiciled America Equity fund, making the OEIC available to UK investors from 31 January.

The fund will offer a concentrated portfolio of between 20 and 40 large cap US equities, with a bottom-up approach to stock picking. Combining value and growth style investing, it will be co-managed by Jonathan Simon and Greg Luttrell. "Five years ago, when investors asked us for income-orientated exposure to US equities, we launched the JPM US Equity Income fund. That strategy has grown to more than £2bn in assets and accounts for more than 7% of assets under management in the IMA's North America sector," said JPMAM head of UK field sales Mike Parsons. "Now, with economic confiden...