The J.P. Morgan Value Advantage
fund [see profile
, a contrarian vehicle, takes center stage in today's Fund Track article
Portfolio manager Jonathan Simon
favors companies where management owns a significant stake and that have a lot of free cash flow. Simon's "somewhat" contrarian view of the market draws him to selected retailers and financial companies, particularly some midcap insurance firms, such as clothing retailers Gap Inc., TJX Cos., Wells Fargo & Co., W.R. Berkley Corp., and Transatlantic Holdings Inc.
The $560 million fund has reportedly gained some 12.8 percent in the 12 months through Wednesday, slightly lower than its peers in the midcap value category, according to Morningstar.
It also reportedly has the blessings of advisors such as Dave Copeland
, founding partner of Strategic Wealth Partners
, who uses the fund's institutional shares in his clients' portfolios. Copeland tells Daisy Maisey that he likes the fund's consistent returns and also values it for its risk controls and flexibility.
Fundsters interested in taking a second look at the "go anywhere" fund may want to check out the rest of the article.
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