On 13 September 2023, JP Morgan Asset Management announced that Clare Hart, long-standing manager of the JPM US Equity Income fund, will retire from the firm in September 2024.  This fund features on our Recommended list.

Ms Hart will spend the next twelve months in her current role, continuing as portfolio manager and ensuring a smooth transition.  She will be handing over responsibility for the fund to her colleagues, Andy Brandon and David Silberman, who are both portfolio managers for the US Equity Income and US Value Strategies.  Messrs Brandon and Silberman were appointed co-managers on the JPM US Equity Income fund in November 2019.  Additionally, Lerone Vincent and Tony Lee are dedicated research analysts on the team.

Following this news, the fund remains on our Recommended list.  JP Morgan Asset Management has indicated there will be no change to the philosophy or process underpinning the fund.  According to our usual process, we will be holding meetings in the coming weeks to discuss developments in greater depth.