JP Morgan is revamping its £292 million America Equity Fund by reducing 50% of the portfolio’s holdings, Investment Week reports. The fund is currently managed by Manager Green.
Investments will be decreased from 80 to between 20 and 40 companies, enabling more active bets and boosted performance. The fund will be co-managed by newly appointed Jonathan Simon, who is co-manager of the £370 million U.S. Equity Income fund.
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