The funds were launched in March 2013 and had gathered just £54m in assets under management. They will be liquidated on 18 January 2016.
The group said the decsion was not performance driven, but due to ‘limited prospects to build significant market share in the retail multi-manager fund-of-funds space.’
Tony Lanning and Nick Roberts, the fund managers on the range, will continue as portfolio managers in JP Morgan Global Wealth Management’s Specialist Strategies team. Lanning will also remain as head of the group’s international thematic alpha platform.
The funds in the range are the JPM Fusion Balanced, Conservative, Growth, Growth Plus and Income funds. All were ahead of their sector average over one year.
