J.P. Morgan to service Capital Group’s new UK fund
23 February 2023 UK
Image: Stewart Marsden/stock.adobe.com
Investment service provider Capital Group has chosen J.P. Morgan’s Securities Services to provide custody, fund accounting and depositary services to its Global Income Opportunities fund, its new fixed income, open-ended investment company fund for UK investors.
The new funds cover high-yielding fixed income sectors, particularly developed market high-yield bonds and emerging market debt. It follows the same investment approach of Capital Investment’s Luxembourg-domiciled fund.
J.P. Morgan already provides securities service services to Capital Investment in Luxembourg, with its most recent appointment strengthening the partnership between the two companies.
Commenting on the announcement, Tim Fitzgerald, global head of custody and fund services at J.P. Morgan’s Securities Services, says: “We are delighted to support Capital Group in their objectives to serve the UK market with its new fund range.
“This expanded mandate is a testament to our long history of supporting Capital Group’s Luxembourg business, our market-leading platform and our expertise in the UK market.”
The new funds cover high-yielding fixed income sectors, particularly developed market high-yield bonds and emerging market debt. It follows the same investment approach of Capital Investment’s Luxembourg-domiciled fund.
J.P. Morgan already provides securities service services to Capital Investment in Luxembourg, with its most recent appointment strengthening the partnership between the two companies.
Commenting on the announcement, Tim Fitzgerald, global head of custody and fund services at J.P. Morgan’s Securities Services, says: “We are delighted to support Capital Group in their objectives to serve the UK market with its new fund range.
“This expanded mandate is a testament to our long history of supporting Capital Group’s Luxembourg business, our market-leading platform and our expertise in the UK market.”
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