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Exclusive: JPM AM merges away 10 funds in rationalisation rush

Exclusive: JPM AM merges away 10 funds in rationalisation rush

JP Morgan Asset Management has announced a host of fund mergers as it seeks to improve the efficiencies of its overall fund range, Citywire Selector has learned.

A total of 10 funds will be merged into eight receiving funds as part of plans coming into effect in February next year.

According to shareholder notes seen by Citywire Selector, these proposed changes impact several funds overseen by Citywire-rated managers.

This includes the JPM France Equity fund, which is managed by Citywire A-rated Francesco Conte and Citywire + rated managers Joanna Crompton and Richard Webb. This will be rolled into the €469 million JPM Euroland Equity fund, which is run by Webb alongside Citywire A-rated Stephen Macklow-Smith and Citywire + rated Nicholas Horne.

Elsewhere, the firm will consolidate different strategies currently run by the same managers into one approach. For example, the €14 million Europe Select Equity Plus fund, currently run by Ido Eisenberg, Rajesh Tanna and Francesco Sedati, will be moved into their €1.51 billion JPM Europe Select Equity fund.

Speaking to Citywire Selector, a spokesperson for JP Morgan AM said: ‘After our most recent evaluation of our investment offering, we decided that it would benefit both our clients and our business to optimise our product suite.’

Fund changes in full

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Related Fund Managers

Francesco Conte
Francesco Conte
47/96 in Equity - France (Performance over 3 years) Average Total Return: 29.42%
Francesco Sedati
Francesco Sedati
399/603 in Equity - Europe (Performance over 3 years) Average Total Return: 13.62%
Rajesh Tanna
Rajesh Tanna
346/603 in Equity - Europe (Performance over 3 years) Average Total Return: 14.98%
Ido Eisenberg
Ido Eisenberg
398/603 in Equity - Europe (Performance over 3 years) Average Total Return: 13.62%
Nicholas Horne
Nicholas Horne
220/603 in Equity - Europe (Performance over 3 years) Average Total Return: 19.26%
Stephen Macklow-Smith
Stephen Macklow-Smith
167/603 in Equity - Europe (Performance over 3 years) Average Total Return: 21.82%
Richard Webb
Richard Webb
297/603 in Equity - Europe (Performance over 3 years) Average Total Return: 16.47%
Joanna Crompton
Joanna Crompton
483/789 in Equity - Europe (Performance over 1 year) Average Total Return: 11.48%
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