JPMorgan Natural Resources Income Units
HL comment
Our view on this Fund
Over the last year, this fund has suffered heavily during the broad sell off in equities and more recently the rotation out of the commodities sector. A clear drag has also been its exposure to smaller companies which have been particularly unpopular. Ian Henderson remains positive on the prospects for this portfolio and believes its positioning in gold, and oil and gas companies should help it regain ground.
12-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: JPMorgan Asset Management
Our view on this Fund Management Group as a whole
This is a group which has been through various mergers and acquisitions over a number of years and has changed its name several times. We have no doubt over the company's success through its combined strength of JP Morgan Investment Management and Chase Fleming Asset Management. Prior to that investors may have come across this company when it used to be known as Save & Prosper and Flemings. They currently manage over 300 mutual funds, from 40 offices worldwide, employing more than 780 investment professionals. This gives JPM truly global asset management capabilities, backed up by a strong presence in each local market.
13-09-2007
HL sector comment: Specialist
Our view on this sector
There is a wide range of funds in this sector with a mix of property, financials, agriculture and single country funds to name a few. The specialist sector has been hit hard in performance terms in recent months as both financials and commodity prices have fallen heavily. There are many quality funds in this sector, therefore investors need to look through the short term performance numbers. Specialist funds tend to be more volatile than broader based funds.
20-11-2008