JP Morgan to Launch Mining Fund
JP Morgan Asset Management is setting up a new mining based mutual fund. Neil Gregson will manage the new mining sector based fund. Gregson was formerly with Credit Suisse and joined JP Morgan last year. He managed a mining related fund in the previous company and has spent 20 years in the natural resources sector.
The fund will use the knowledge of the natural resources team at JP Morgan to invest in companies which are in mining and related activities. Gregson will focus on companies he expects to achieve growth of reserves and production, while at the same time identifying undervalued mining assets which will benefit the portfolio.
The fund will hold between 50 to 100 stocks from all market capitalizations. The fund hopes to meet the demand for additional natural resources products specially an investor demand for a fund that capitalizes on the mining sector. The natural resources team believes that there is good reason to invest in both precious and base metals in terms of investment opportunities for the present year and beyond.
Gregson stated that the new fund would invest in companies that could achieve growth of reserves as well as production. He would also identify undervalued mining assets that may benefit the portfolio of the mutual fund. The fund, which will be available to investors on February 1, will have an initial charge of 4.25 per cent, an annual fee of 1.5 per cent and the initial investment is £1,000.
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Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
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