LONDON: Investors still buying Americas on J.P. Morgan platform, but income funds moving up the rankings for third-party funds

Nov 06, 2012

London, 6 November 2012: The latest monthly sales figures from J.P. Morgan Asset Management's online investment platform, WealthManager+, show that as America heads to the polls, U.S. funds are still the most popular with U.K. investors.

The platform offers funds and investment trusts from J.P. Morgan Asset Management and more than 25 external managers, which investors can hold in an Investment Account, Individual Savings Account (ISA), Junior ISA or Self Invested Personal Pension (SIPP).

As was the case in September, figures for overall net sales in October 2012 showed four out of the top five funds are invested in the Americas, with JPM UK Dynamic the only exception. Looking at third-party funds only, three out of the top five are U.S. or Latin American funds, with most of the rest of the top 10 being income focused. Looking at J.P. Morgan Asset Management funds only, there is more of a mix, with JPM UK Dynamic, the Mercantile Investment Trust and JPMorgan European (Growth) investment trust also making the top five. Seven of the top 10 J.P. Morgan Asset Management funds and five of the overall top 10 in October were investment trusts.

The top-selling funds in October were:

  Top Selling Overall
2 JPM US Smaller Companies A
3 JPM UK Dynamic A
4 Investec American A
5 Allianz Brazil A
6 JPMorgan European IT - Growth Shares
7 The Mercantile Investment Trust
8 JPMorgan Claverhouse Investment Trust
9 JPMorgan Chinese Investment Trust
10 JPMorgan American Investment Trust
  Top Selling J.P. Morgan Asset Management Funds
2 JPM US Smaller Companies A
3 JPM UK Dynamic A
4 JPMorgan European IT - Growth Shares
5 The Mercantile Investment Trust
6 JPMorgan Claverhouse Investment Trust
7 JPMorgan Chinese Investment Trust
8 JPMorgan American Investment Trust
9 JPMorgan Indian Investment Trust
10 JPMorgan Emerging Markets Investment Trust
  Top Selling Third-Party Funds
1 Investec American A
2 Allianz Brazil A
3 Aberdeen Asian Smaller
4 Allianz US Equity A
5 Invesco Perp European Hi Yd
6 Aberdeen Latin American Eq A
7 Invesco Perp High Income
8 M&G Extra Income A
9 Henderson High Income
10 Invesco Perp Income

Keith Evins, Head of U.K. Funds Marketing at J.P. Morgan Asset Management, said: "Regardless of the uncertainty surrounding the U.S. election and worries over the potential 'fiscal cliff,' investors on our WealthManager+ online platform continue to favour the U.S. This view is backed up by our Strategy team, who believe that whatever challenges face America, the short-term market outlook there is still better than it is here in Europe. However, the continued low-rate environment is evidently driving interest in income funds, which are more prominent among this month's third-party net sales than they were last month. "

J.P. Morgan WealthManager+

The J.P. Morgan WealthManager+ online platform allows customers to access a number of financial planning tools, such as the financial health check and a tool to evaluate attitude to investment risk to help with investment decisions. It is ideal for investors who want to take control of their financial future, offering a wide selection of investments including OEICs, SICAVs and investment trusts from J.P. Morgan as well as funds from other leading fund managers, U.K. equities and ETFs. Investments can be held in an ISA, Junior ISA, SIPP or directly in an Investment Account.

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Sarah Godfrey: Media Relations
Telephone: 020 7742 5950

Notes to Editors

About J.P. Morgan Asset Management

J.P. Morgan Asset Management is part of JPMorgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.4 trillion in assets under management (the Asset Management client funds of JPMorgan Chase & Co. as at 30 September 2012) and offices in 41 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.

J.P. Morgan Asset Management is a trading name of J.P. Morgan Asset Management Marketing Limited which has issued this material in the United Kingdom and which is authorised and regulated by the Financial Services Authority. Registered in England No. 288553. Registered office: 25 Bank Street, Canary Wharf, London E14 5JP.

Any past performance referred to in this material is not a guide to future performance and the value of investments, and any income from them, can fall as well as rise. Any tax concessions referred to are not guaranteed and their value will depend on the individual circumstances of investors. Stock market linked investments carry a number of inherent risks. These risks will increase where fluctuations in exchange rates impact on the value of any underlying investments or where the investment is exposed to smaller companies or emerging markets. Investments in fixed income securities that are not rated as investment grade represent a greater risk to an investor's capital.


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