JP Morgan Asset Management is to rename and change the investment objectives of two funds in its range to bring them in line with the rest of its fund range.

JP Morgan’s Premier Equity Growth Fund will be renamed the JPM UK Equity Fund from August, ‘to better reflect the assets’ in which it invests. Similarly, the Premier Equity Income Fund will become the UK Higher Income fund.

The changes will see the names simplified, reflecting other funds in the JP Morgan onshore range of open-ended funds. The investment policies and objectives have also changed to improve clarity for investors.

The managers of each fund will remain in place, and according to JP Morgan there will be no changes to the risk profiles of either fund.

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