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What's New In Investments, Funds? - JPMAM, MFS, Others

Editorial Staff

11 April 2019

JP Morgan
JP Morgan Asset Management, part of has registered an “unconstrained” bond fund which invests in fixed income assets that are free from having to track benchmarks or other measures.

The Carmignac Portfolio Unconstrained Credit is structured as a pan-European UCITS fund and is registered in Luxembourg. The fund’s recommended time horizon is two years; there is a management fee of 1 per cent and a maximum fee of 4 per cent acquired by distributors. The shares of the fund are denominated in euros.

The fund is jointly managed by Pierre Verlé, head of credit, and Alexandre Deneuville, fixed income fund manager, who will draw on the wider fixed income team composed of 12 people, including fund managers and analysts.