JPM alters equity income fund’s currency hedging options

JP Morgan AM is changing its Global Equity Income fund to enable both hedged and unhedged share classes.

On December 16 the fund will switch to currency hedging at a share class level, meaning that all existing shares will become hedged.

The second stage will begin on December 30 when three unhedged share classes are launched: A Shares Net Income, A Shares Net Accumulation and C Shares Net Income.

Investors will then be offered the choice of remaining in a hedged share class or switching to one of the new unhedged classes.

“If you do decide to switch your investment to an unhedged share class you will be subject to the currency risk of fluctuations between sterling and the underlying assets of the fund,” JPM says.

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