JPMorgan Asset Management has launched a new investment trust that will target income generation as well as capital growth.
The JPMorgan Multi-Asset Trust (MATE) will offer exposure to at least six asset classes including debt and infrastructure across 40 geographies.
It targets a long-term annual return of 6% and initial 4% yield from quarterly dividends. MATE aims to achieve these returns while offering lower volatility compared to a traditional equity portfolio.
The trust will be managed by the firm’s multi-asset managers Talib Sheikh, Katy Thorneycroft and Gareth Witcomb.
“We know UK investors are feeling the income squeeze, so we recommend widening the net. We believe looking globally should be a priority for income seekers in order to achieve the best risk-adjusted returns as well as to maintain the flexibility and diversification needed to navigate the changing macro environment,” Sheikh stated.
MATE will offer a rollover option for investors in the JPMorgan Income & Capital Trust, which is slated to be shuttered.