JP Morgan Fleming Asset Management has put its promotional activity for UK equities and UK balanced mandates on hold. According to a company spokesman, JP Morgan Fleming Asset Management is still active in the UK institutional market, but is currently making changes to its investment process to ensure improved performance in the future. The spokesman added that the company has placed added emphasis on promoting its UK structured equity mandate.
Although JP Morgan has been underperforming in the arena of UK equity and UK balanced mandates, the company will continue its involvement in these fields. The spokesman concluded that changes to JP Morgan’s investment process may take up two three years before its position within the UK institutional market improves.
By Janet Du Chenne
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