JP Morgan Asset Management Luxembourg-domiciled funds are now available to advisors via Cofunds, with the JPM Highbridge Statistical Market Neutral Fund and JPM Sterling Liquidity Fund amongs those on offer.

"Advisors now have easy access to our offshore SICAVs and can more readily include them when building portfolios designed to withstand today's difficult markets. By offering a good choice of offshore funds through Cofunds, advisors will be better equipped to build even more robust and diverse portfolios for their clients," said Mike Parsons, head of UK distributor sales.

"Traditionally offshore funds have never really been a mainstream investment tool for UK retail investors, despite offering genuinely diverse and practical benefits whatever the individual's attitude to risk. We are sure that through initiatives such as this, offshore funds will become a very prominent and perfectly natural part of any UK retail investor's portfolio," he added.

The ten funds available will be JPM Emerging Markets Small Cap A; JPM Europe 130/30 A; JPM Europe Select 130/30 A; JPM Global Dynamic A; JPM Highbridge Statistical Market Neutral A; JPM Income Opportunity A; JPM Africa Equity A; JPM UK Equity A; JPM Sterling Bond and the JPM Sterling Liquidity A.

JP Morgan Asset Management is offering standard terms of 3 per cent commission on SICAVs for any IFAs purchasing the funds via Cofunds. Any existing terms for clients dealing via Cofunds will also apply to the SICAV range. As with all cash funds no initial commission or discount is available.

JP Morgan serves ultra high net worth clients through its private bank and high net worth clients through its private wealth management division. The bank has assets under supervision of $1.5 trillion and assets under management of $1.1 trillion. JP Morgan has more than 1,400 client advisors in 140 offices in 13 countries and 20 US states.