JP Morgan Asset Management (JPMAM) has rolled out a yield-oriented multi-asset fund, The Asset reports. The JPM Multi Income Fund invests in an array of asset classes, including high-yield bonds, emerging market debt, higher-yielding developed and emerging market equities and real estate investment trusts.
Jonathan Lowe will manage the fund. The product, which will provide monthly distributions to investors, will also offer moderate medium- to long-term capital growth opportunities as its secondary objective.
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