JPMorgan Asset Management is to launch an investment account focusing on US equity income, it has been revealed.
According to the firm, it will be the first time that such a product has been available to UK investors .
The investment fund will be managed by Clare Hart who has been involved in the business for six years in America .
Investments will be focused on mid and large cap companies, with returns to be generated by both dividends and capital appreciation.
Jasper Berens, head of UK retail sales at JPMorgan Asset Management, said: "We believe the timing for this launch to be pretty much exactly right and, having listened and acted on our client's feedback, we are confident it is a product of significant demand."
As the valuation of US equities is currently very attractive, there should be room for the investment fund to make a profit, he added.
Yesterday, Barclays Stockbrokers claimed that investors are increasingly drawn to contract for difference trading platforms.
JPMorgan to launch US equity investment fund
JPMorgan to launch US equity investment fund
Thu, 11 Dec 2008
Recommended links
Online share dealing portalFind JPMorgan products and services
Compare equity investment funds
Investment trusts
Investments review and enquiry form
Equity income funds still good investments, expert claims
Prudential launches two new investment funds
| Stocks & Shares news |
|---|
| Investors happy to make own decisions but lack SIPP knowledge, survey finds - Tue, 05 Apr 2011 |
| Investors put off switching Isas by low rates and fear of mistakes - Thu, 31 Mar 2011 |
| Investors shunning banks when taking out an Isa - Tue, 22 Mar 2011 |
| More News |
