JP Morgan AM refits old Asia balanced fund
The firm is marketing a remodelled Asia ex-Japan multi-asset income fund largely for retail investors that allocates dynamically between equities and bonds.
JP Morgan Asset Management has started marketing an Asia-Pacific income fund to retail investors that it converted from one of its old balanced funds.
The remodelled product is an Asia ex-Japan multi-asset portfolio comprising high dividend stocks, Reits, and high-yield and investment grade bonds. The dynamic allocation between bonds and equities (including Reits) can range from 25% to 75%, respectively.
Multi-asset income funds have become a trend post-crisis as managers sought…
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