JPMorgan Asset Management (JPMAM) has added a sterling hedged share class on its JPM Europe Dynamic ex-UK fund, managed by Jon Ingram.
Launched in 2004, the £122m fund has an existing unhedged share class where returns can either be enhanced or reduced by currency, depending on market conditions.
JPAM says it launched the new share class so investors could make their own choice as to which share class suits them best. (article continues below)
Jasper Berens, the head of UK retail sales at JPMAM, says in a statement: “Currency risk is now, more than ever, a growing concern for investors and we have launched this as a direct response to the needs of our clients.
“As the euro continues to weaken against sterling it is right to give investors, who are not prepared to be exposed to both market and currency risk, a choice between share classes.”