JPMorgan Fleming to launch FX fund

Domiciled in Luxembourg, the fund will be based on fixed income and foreign exchange research in the bank’s Global Markets Outlook and Strategy publication.

Details of the fund are yet to be confirmed but an official at JPMorgan said the bank is happy with the performance of current trading recommendations.

With the launch, JPMorgan will join the ranks of a select number of institutions managing an FX fund based on in-house research -- although several other banks operate model portfolios to i