JPMAM renames £220m UK Active Index Plus fund

To better reflect investment objective

J.P. Morgan Asset Management has renamed its UK Active Index Plus fund to JPM UK Equity Core to better reflect its investment objective.

The group said the new name better demonstrates the fund's aim to provide a core, long-term exposure to the UK equity market at a low level of risk. Managed by James Illsley (pictured), the £220m vehicle seeks to deliver a "more rewarding" investment proposition than trackers, and more consistent in performance and less expensive than the typical actively managed fund. The fund currently holds 258 positions across the market capitalisation spectrum and uses fundamental research to take active positions in attractively valued, high quality companies with positive momentum. Which par...