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JP Morgan recommends high-interest investment fund
Fri, 31 Jul 2009
A well-performing investment trust fund has been recommended by JP Morgan for those looking for a good return on their money.

The Mercantile Investment Trust returned six pence for each share in the first quarter of 2009 and 36 pence over the last financial year with a yield of 4.6 per cent, which is 4.1 per cent above the base rate .

Trust board members have announced that they expect to keep up this performance for the rest of the year, allowing investors to receive a steady income on their funds .

James Saunders Watson, head of sales and marketing for investment trusts at JP Morgan Asset Management, said: "The board's commitment to continue paying dividends at an attractive level for the rest of the financial year indicates that it has utilised the unique structure of investment trusts ."

Kevin Lilley, fund manager at Royal London Asset Management recently said that the lack of credit for companies has led to more generous shares being offered and increased investments to help them reach their goals.
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