Investments  

JP Morgan launch multi-asset investment trust

JP Morgan launch multi-asset investment trust

JP Morgan Asset Management has launched an investment trust.

The JP Morgan Multi-Asset investment trust  will target income and capital growth, and will invest in six different asset classes across more than forty countries.

The trust will put money in equities and bonds, as well as alternative assets such as infrastructure.

Talib Sheikh will be the lead manager on the trust. He currently runs multi-asset funds within JP Morgan.

Investors in the JP Morgan Income and Capital trust, which is to shut imminently, have been offered to chance to transfer into the new trust.

The difference between the trust about to launch and the one closing, is the one closing invested in UK shares and bonds only, while the newly launched vehicle has a global mandate.

Mr Sheikh said: “We know UK investors are feeling the income squeeze, so we recommend widening the net.

"We believe looking globally should be a priority for income seekers in order to achieve the best risk-adjusted returns as well as to maintain the flexibility and diversification needed to navigate the changing macro environment.”

The fund aims to achieve a 6 per cent per annum total return with a 4 per cent yield.

Darius McDermott, managing director of Chelsea Financial Services, said: “They have decent credibility in the multi-asset space. We know Taleb Shiekh well. The yield looks appealing and the charges are not excessive.”  

David.Thorpe@ft.com