JP Morgan urges investors to be cautious

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JP Morgan urges investors to be cautious

Tue 9th Mar 2010

Mike Parsons, head of UK retail sales at the organisation, said that while screening for performance was not the best option, thorough research should be carried out in order to guarantee fulfilled expectations.

He said: "Just because a fund is in the sector does not necessarily mean it fits an investor's idea of 'cautious'."

Mr Parsons added that a fund holding the maximum allowable allocation for equities of 60 per cent may possibly not fit the investor's expectations.

From September 2008 to 2009 some funds fell in value by nearly 40 per cent, which was the worst market period during the recession.

The Share Centre recently identified fund management as the highest risk investment but suggested that it helps to diversify a financial portfolio, allowing people to offset other funds.

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