Article: Strong second quarter at JPM Global Financials.

Byline: Mark Robinson

FUND PROFILE: JPM Global Financials reduces exposure to UK banks,

Although the JPM Global Financials fund has consistently outstripped its benchmark (MSCI World Financials) in terms of total net returns, it is still lagging behind the FTSE Specialists sector average over one-, three- and five-year periods.

The fund fared poorly relative to the benchmark as financial markets unwound during 2007/8, which resulted in a 34 per cent decline in net asset value (NAV) during that time. However, a robust performance from the second quarter onwards has restored the fund's relative advantage. Remember that Specialist sector funds tend ...

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