JPMAM US Smaller Companies fund reopens for new subscriptions

Follows soft close at the end of 2020

JP Morgan Asset Management’s US Smaller Companies fund has reopened for new subscriptions after it soft closed the fund at the end of 2020, when it held $1.47bn in assets under management.

The fund had been soft-closed twice, as the firm first introduced restrictions on the Ucits version of the strategy in 2017 and was reopened in June 2020. BlackRock's head of multi-asset income investing to depart Managed by the trio of Don San Jose, Jon Brachle and Daniel Percella, the AUM of the equity strategy peaked at $2.07bn in April 2021. It now holds just over $1bn.  The JPM US Smaller Companies fund has returned 60.4% in the last three years, while the Equity - Small Cap USA sector is up 62% over the same period, according to data from FE fundinfo. Over the last year, the ...