The JP Morgan Fleming Life Moderate Fund was launched in June 1998 and is invested in both equities and bonds in a broad range of global markets, including some emerging markets. The fund seeks to outperform a defined benchmark through successful asset allocation, security selection and currency management. It offers good growth prospects with the more stable returns associated with Bonds and would suit members who have a moderate risk attitude, but who are comfortable with the short term risk of being solely invested in equities.