JP Morgan has moved to utilise the skills of new recruit Neil Gregson with the launch of a Global Mining Fund.
Gregson joined JPM last year and has 20 years experience in managing natural resource funds. He will be the lead manager on the fund.

Speaking on the launch, he said, ‘Our investment approach on this fund will see us focusing on companies that can achieve growth of reserves and production, while at the same time identifying undervalued mining assets which will benefit the portfolio’.

Investment in the mining industry is a high-risk but lucrative business, but JP Morgan is hopeful investors will benefit from Gregson’s considerable experience, whether they are private or institutional investors.

The company believes this and a combination of JP Morgan’s previous results in natural resource funds will be the combination needed for success.

The manager will be supported by the researchers and analysts from the JP Morgan Natural Resources team.

Patrick Connolly of financial advisory practice AWD Chase de Vere said the fund should deliver.

He added: ‘If investors are looking to increase their weighting to commodities then it is important to select investment teams that that are experience, well-resourced and proven in this area.

'JP Morgan Asset Management most certainly fits the bill.’

The minimum investment is £1,000 and the initial charge is 4.25 per cent with an annual fee of 1.5 per cent.