JP Morgan Asset Management (JPMAM) has restructured its underperforming Premier Equity Income fund, FundWeb reports. The £299 million fund has been renamed as the U.K. Higher Income fund. It will now target stocks that can pay a superior and sustainable dividend yield to that of the FTSE All Share Net Index. The equity income was launched in November 1959 and is being managed by James Illsley since 2006.
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