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JPMorgan Multi-Asset Trust plc
Mickey
Posted: 28 January 2018 09:28:55(UTC)
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looks an interesting launch, I wonder if it will do any better than the Peoples Trust?

Target dividend is 4% with a target total return of 6%, also looking to have just 2/3rds of the volatility associated with equities. More info at JP Morgan site.
andy
Posted: 28 January 2018 21:01:12(UTC)
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Stupid question - why would you when there are things like SIGT out there with a much more proven track record?
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Mickey on 29/01/2018(UTC), dlp6666 on 29/01/2018(UTC)
King Lodos
Posted: 29 January 2018 01:16:49(UTC)
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Seems to lack a USP.

Quite a sensible looking asset allocation, but without a real star manager, I think it would be a hard sell against the more fashionable passive options – mainly Vanguard Lifestrategy 60 or 80

3 users thanked King Lodos for this post.
Mickey on 29/01/2018(UTC), Tim D on 29/01/2018(UTC), dlp6666 on 29/01/2018(UTC)
Ark Welder
Posted: 29 January 2018 02:03:12(UTC)
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Looks like the proposal is to have a near-zero discount control, which can be little more than a Weapon of Mass Destruction as far as ITs are concerned. JPMorgan Senior Secured Loan fund (defunct) being an example.

If the intention is to operate it as a quasi open-ended fund then they might as well just go down the open-ended route. Not convined that gearing and near-zero discount control are compatible.
2 users thanked Ark Welder for this post.
Mickey on 29/01/2018(UTC), dlp6666 on 29/01/2018(UTC)
Mickey
Posted: 29 January 2018 09:19:28(UTC)
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andy;56060 wrote:
Stupid question - why would you when there are things like SIGT out there with a much more proven track record?

Perhaps you may prefer the JPM team or brand, they do a good range of IT's so you may feel more attracted to them. Perhaps you already have SIGT and wish to split the risk?
Tim D
Posted: 29 January 2018 10:57:48(UTC)
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andy;56060 wrote:
Stupid question - why would you when there are things like SIGT out there with a much more proven track record?


Well the main thing which got my attention about the MATE IPO is that the IPO doc claims the management charge will be 0.65% (0.6% with enough size) whereas HL claims SIGT takes 0.9%. However over on the story and comments here ADIG (Aberdeen Diversified Income And Growth Trust ) is mentioned as a rival and that's only 0.5% management charge.

Won't be putting anything into MATE launch myself; plenty of other competing income-oriented multi-asset vehicles out there already where you can get more of an idea what you're getting into. There's no obvious reason to expect MATE to go to a premium after launch so seems to be little reason to buy the IPO at ~NAV.
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dlp6666 on 29/01/2018(UTC)
Big boy
Posted: 29 January 2018 17:50:18(UTC)
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Mickey........you mention a total yield of 6%..... is this before or after AMC etc????? Do we know the total annual charges??
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Guest on 29/01/2018(UTC)
Mickey
Posted: 29 January 2018 21:56:24(UTC)
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Saj
Posted: 16 February 2018 10:48:20(UTC)
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Just read that the lead manager Sheikh is leaving JPAM and joining Jupiter. Would this impact the attractiveness of this IPO?
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RSJ on 22/02/2018(UTC)
King Lodos
Posted: 16 February 2018 11:37:34(UTC)
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I think two of three managers have left already(?).

My first thought was they lack faith in the design of the fund, and know it won't be a great career move running something almost destined to struggle.

Yield's possibly the biggest bubble at the moment, and old-style diversification faces some real challenges .. When I saw the asset allocation, I did think it looks like the fund you'd design going into the mid-80s.

1 user thanked King Lodos for this post.
RSJ on 22/02/2018(UTC)
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