JPMAM launches group's first multi-asset investment trust for UK market

Investing across six asset classes

J.P.Morgan Asset Management (JPMAM) is targeting a fund raise in excess of £150m for its first multi-asset trust for UK investors.

The globally diversified JPMorgan Multi-Asset trust will aim for a total return of 6% per annum net of fees through a combination of income and capital growth, with an initial 4% quarterly dividend. It hopes to achieve this with two-thirds of the volatility of a traditional equity fund.  It will be able to invest over six different asset classes across 40 geographies including global equities, emerging market debt, high yield bonds and global credit. It can also include alternatives such as infrastructure. This is the first time JPMAM has offered a multi-asset product in closed-ended ...