JP Morgan Asset Management (JPMAM) has unveiled an ethical bond fund, FundWeb reports. The new JPM Global Catholic Ethical Balanced fund will invest in a portfolio of global equities and debt securities issued by European governments. The fund, managed by Gareth Whitcomb, will follow environmental, social, corporate governance and Catholic principles. The manager can also use financial derivative instruments, providing exposure to securities, some of which will not meet the investment criteria. The Luxembourg-domiciled Sicav is accessible to U.K. retail investors.

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