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Citywire A-rated Mehta steps down from JPM’s EM Dividend fund

Citywire A-rated Mehta steps down from JPM’s EM Dividend fund

Citywire A-rated manager Amit Mehta has relinquished his role on the $478m JPM Emerging Markets Dividend fund, with Isaac Thong joining the manager line-up, Citywire Selector has learned.

Mehta had been a named manager on the fund since 2015, having most recently co-managed it alongside Omar Negyal and Jeffrey Roskell. Both Negyal and Roskell remain in place on the fund.

Joining them in the manager line-up is Thong, who moved within JPM AM’s emerging markets and Asia Pacific team to assume a role on the income-focused desk in October 2019. He will also have a role on the UK Oeic and UK investment trusts.

A spokesperson for JPM AM confirmed the changes and said that Mehta will continue to serve as lead manager on two other funds at the group.

These are the $1.34bn JPM Emerging Markets Small Cap and $240m JPM Emerging Markets Sustainable Equity funds, with the latter fund having been launched for Mehta in November of last year.

In terms of performance, the JPM Emerging Markets Dividend fund lost 1.4% in US dollar terms over the three years to the end of May 2020. This is while the average fund in the Equity – Global Emerging Markets sector lost 4% over the same period.