JP Morgan renames multi-asset fund


The JPM Multi Asset Macro fund has been renamed as the JPM Global Macro Opportunities fund to better reflect its investment objective.

Launched two years ago in February 2013, the £117m fund aims to provide investors with returns of 6 per cent over cash, net of fees. The fund aims to manage volatility at between 6 to 12 per cent by investing in mispriced global macroeconomic trends.

Run by James Elliot, Talib Sheikh and Shrenick Shah, the fund is “asset class-agnostic”, investing in both traditional and alternative strategies.

“The name change provides further clarity for investors with respect to the fund’s investment strategy which aims to capitalise on global macroeconomic trends to drive returns using a dynamic, multi-asset approach,” says Jasper Berens, head of UK funds at JP Morgan Asset Management.

“The new name better reflects this macro-thematic investment approach and also brings it in line with its sister fund, the SICAV JPMorgan Investment Funds Global Macro Opportunities fund.”

Over one year the fund has returned 10.3 per cent against the 0.3 per cent of the IA Targeted Absolute Return sector, FE data shows.