The J.P. Morgan Global Research Enhanced Index Equity Fund has been awarded a 'Highly Recommended' rating by Lonsec in its first year.
In its assessment, Lonsec acknowledged the strength of J.P. Morgan Asset Management's highly regarded research team and the firm's heritage in this type of investments which it considers to be a key competitive advantage.
The JPMorgan Global Research Enhanced Index Equity Fund looks to deliver index-like characteristics and exploiting stock-specific insight. Built on the stock research of fundamental career analysts, the fund targets consistent positive excess returns at low active risk in a cost effective manner.
The fund's portfolio manager, Piera Elisa Grassi, commented: "The fund is country and sector neutral but a key point of differentiation is that it targets excess returns by exploiting the fundamental stock-specific ideas of research analysts which results in a core fund that delivers positive alpha at low active risk."
J.P. Morgan Asset Management head of Australia funds David Hallifax said: "Our consultative approach has meant we have been very focused on bringing to market only those products where we have identified a gap or we have seen demand from advisers. This low cost alternative to passive strategies fits the requirements perfectly.
"Our Global Research Enhanced Index strategy team has an enviable track record in consistently outperforming over the long-term and the feedback we have received from advisers is that this fund is an ideal complement to portfolios.
"The high quality of our investment team and their consistent track record, is central to the fund receiving a Highly Recommended rating by Lonsec."
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