Bestinvest says
This is a former Bestinvest recommended fund, which lost its way some years ago following a number of key team member changes on JP Morgan's Pan European desk. We have much higher conviction towards a range of other funds where there is consistency in manager and process. Therefore please consider one of our recommended funds within the UK All Companies sector.
The objective is to identify those value and growth opportunities where the companies are about to undergo a turning point in their businesses. This could be a stock that has been out of favour with the market but has become very attractively valued and where the manager believes, as a result of his fundamental analysis, the company has a prospect of recovery. In this respect the manager looks to exploit market inefficiencies.
The manager finds new ideas through a number of sources, for example, thematic investigation, individual stock research and he can also draw on JPM's proprietary quant model TVM (Trends, Value, Momentum). However, the manager stresses that he uses TVM to a lesser extent than other JPM UK Equity managers and also chooses to run a punchier portfolio than some of his contemporaries.