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JPM's $24bn income star: Europe offers best divi yields

The latest flash crash was a good buying opportunity but has not changed market fundamentals and has not derailed global growth's recovery, according to JP Morgan Asset Management's Michael Schoenhaut.

Speaking to Citywire Global in his New York office, the Citywire AA-rated manager revealed the key changes he has made to his multi-asset income funds to face the rising rate environment and why he has been reducing his exposure to US high yield.

Schoenhaut co-runs the $9 billion JPM Global Income, the $4 billion JPM Multi Income and $11 billion US-domiciled JPMorgan Income Builder funds.

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