JPM Global Mining Fund now available on direct platform
Investors can now access the recently launched JPM Global Mining Fund at a reduced initial fee of 1% via the J.P. Morgan WealthManager+ platform and until 30th April this fee is waived for investments within an ISA.
The new fund, managed by Neil Gregson, focuses specifically on the mining sector, to capitalise on the compelling investment opportunities it has to offer. Roger Thompson, Head of UK Business at J.P. Morgan Asset Management explains: "We launched the fund in direct response to investor demand and we're keen to make it as easy to access as possible".
The JPM Global Mining Fund utilises the expertise of the entire J.P. Morgan Asset Management Natural Resources team and invests primarily in companies engaged in mining or mining related activities anywhere in the world. It invests in 50 - 100 stocks and is an all cap fund.
Neil Gregson, who manages the fund, joined J.P. Morgan Asset Management in 2010, bringing with him over 20 years experience in the natural resources sector. This includes the management of a mining fund while at Credit Suisse Asset Management.
Gregson comments: "While the mining sector has performed strongly in the last two years, there is still good reason for continued allocation to it. In fact, as a team we believe that an exposure to metals, both precious and base, remains one of the most compelling investment opportunities in 2011 and beyond. Our investment approach on this fund is to focus on companies that can achieve growth of reserves and production, while at the same time identifying undervalued mining assets which will benefit the portfolio. This is a continuation of the existing philosophy and proven stock selection process."
Thompson, added: "We have an excellent track record in the natural resources sector, so when faced with demand from investors for a fund which focuses specifically on mining we felt ideally placed to respond - especially given that our expertise in this area is practically unrivalled throughout the fund management industry. The success of the JPM Natural Resources and Global Natural Resources Funds and Neil's previous experience in managing successful mining funds should be all the indicators that investors need for proof of our strength in this asset class".
Peter Feasey, Head of J.P. Morgan WealthManager+ added: "The natural resources and commodities funds are some of the best selling funds on the WealthManager+ platform. Investors are aware that the long-term outlook for commodities remains positive and the addition of JPM Global Mining Fund to the platform offers investors another investment option in this popular sector.
Direct investors can buy the fund through the J.P. Morgan WealthManager+ platform at jpmorganassetmanagement.co.uk/investor or by calling 0800 204 020 and will incur an initial charge of 1% although this is currently waived for ISA investments until 30th April."
As with J.P. Morgan Asset Management's other natural resources funds the JPM Global Mining Fund is designed as longer term investment to suit investors looking for a higher risk equity strategy to complement an existing core portfolio, or for diversified investors looking for exposure to a single sector. The minimum investment is £1,000 lump sum or £100 per month, while the comparative benchmark is the HSBC Global Mining Index.