J.P. Morgan is adding an unhedged share class in its global equity income fund, FundWeb reports. The share class will be launched towards the end of this year or the beginning of 2012.

The £114.5 million portfolio was down by 2.4 percent on a cumulative basis over the three-year period to August 26. The poor performance of the fund was attributed to a decision to hedge the fund back into sterling.

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