JPMAM to realign US Smaller Companies fund as growth strategy

For greater clarity

J.P. Morgan Asset Management is realigning the US Smaller Companies fund as a growth strategy, changing the objective, policy and investor profile in keeping with how the portfolio is currently invested.

As of 10 December, the JPM US Smaller Companies fund will be renamed as the JPM US Small Cap Growth fund. The mandate will continue to target long-term capital growth but will do so by investing in "a growth-style-biased portfolio of small-capitalisation US companies". The £200m fund is co-managed by Eytan Shapiro and Timothy Parton. Over three years the fund has returned 80.1% against the 58.7% return of the IA North American Smaller Companies sector, FE data shows. The best opportunity sets in US equities "The ACD has decided to re-name fund to better reflect its existing inve...