LONDON: Investment trusts riding high in J.P. Morgan platform bestseller list - Six of December’s top 10 funds closed-ended; US still top choice overall

Jan 17, 2013

London, 17 January 2013: The latest monthly sales figures from J.P. Morgan Asset Management's online investment platform, WealthManager+, show more than half of the top 10 funds based on December 2012 net inflows were investment trusts. However, US equities remained the most popular choice both in December and for 2012 as a whole.

The platform offers funds and investment trusts from J.P. Morgan Asset Management (JPMAM) 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 in the previous month, the three overall top-selling funds were JPM US, Allianz Brazil and JPM US Smaller Companies. However, in a marked change from November when just two investment trusts made the overall top 10, in December six J.P. Morgan-managed trusts made the list, with the most popular being the UK small- and mid-cap income specialist Mercantile Investment Trust.

Looking at the top 10 third-party funds, another investment trust - Fidelity China Special Situations – also made the list. December's third-party fund chart bore little resemblance to November's, with only Allianz Brazil and Invesco Perpetual European High Yield still in the top 10. Income remained a popular choice but the funds suggested a move up the risk spectrum, with new entrants to the top 10 including Henderson Asian Dividend Income and Schroder Asian Income in place of the Invesco Perpetual Income and High Income funds.

The top-selling funds overall on the platform in 2012 encapsulate all these themes, with US and Latin American funds, income and investment trusts all well represented.

  Top Selling Overall - December
1 JPM US
2 Allianz Brazil
3 JPM US Smaller Companies
4 JPM Emerging Markets
5 The Mercantile Investment Trust
6 JPMorgan American Investment Trust
7 JPMorgan Emerging Markets Investment Trust
8 JPMorgan Claverhouse Investment Trust
9 JPMorgan Global Emerging Markets Income Trust
10 JPMorgan Indian Investment Trust

 

  Top Selling Third-Party Funds - December
1 Allianz Brazil
2 Allianz US Equity
3 Henderson Asian Dividend Income
4 Henderson UK Equity Income
5 Schroder Asian Income
6 Invesco Perpetual European High Yield
7 Aberdeen Asian Smaller
8 Henderson High Income
9 Invesco Perpetual Corporate Bond
10 Fidelity China Special Situations Investment Trusts

 

  Top Selling Overall - 2012
1 JPM US
2 JPM US Smaller Companies
3 JPMorgan Claverhouse Investment Trust
4 The Mercantile Investment Trust
5 Allianz Brazil
6 JPM UK Dynamic
7 JPMorgan Emerging Markets Investment Trust
8 JPMorgan Elect - Managed Growth
9 JPM Natural Resources
10 JPMorgan Indian Investment Trust
11 JPM Emerging Markets
12 JPMorgan American Investment Trust
13 JPM Asia
14 JPMorgan Global Emerging Markets Income Trust
15 Investec American

 

Keith Evins, Head of UK Funds Marketing at J.P. Morgan Asset Management, said: "Looking across 2012, it is clear that the private investors who use our J.P. Morgan WealthManager+ platform have not been sticking to the 'safe' options. The preponderance of Asian, Latin American and global emerging markets funds suggests investors are willing to take on a bit more risk in the search for above-inflation returns, and this is also borne out in the shorter term figures."

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, UK equities and ETFs. Investments can be held in an ISA, Junior ISA, SIPP or directly in an Investment Account.

- Ends -

For further information please contact:
Sarah Godfrey: Media Relations
Telephone: 020 7742 5950
Email: sarah.l.godfrey@jpmorgan.com

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 31 December 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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