JPM US SELECT 130/30 A DIS GBP - Fund overview
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Overview of
JPM US SELECT 130/30 A DIS GBP
The fund replicates a successful mirror fund that is managed by Tom Luddy in the US. By taking short positions in overvalued stocks as well as taking long positions in attractively valued companies, the fund translates more of the insights from JPM's fundamental research process into active portfolio bets. The overall equity allocation of the fund will range between 30% short and 130%, so overall net market exposure is always maintained at 100%. Nonetheless the fund features some of the features of a hedge fund.
Standard Initial Charge
5.00% –
Fund summary
| Sector |
North America
|
| Product type |
OFFSHORE FUND
|
| Launched |
April, 2008
|
| Size |
£743m
|
| Yield |
0.2%
|
| Charging basis |
–
|
| Dividends paid |
Sept
|
| Bid price |
770.00p |
Fund Charges
|
Standard Initial charge
|
5.00%
|
|
Initial charge via Bestinvest
|
–
|
|
Additional bid/offer spread
|
0.55%
|
|
Annual management charge
|
1.50%
|
|
Total expense ratio
|
1.50%
|
|
Reduction in yield (10yr)
|
1.55%
|