Fund Management

JP Morgan AM Launches Multi-Asset Fund

Nick Parmee, 21 September 2011

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JP Morgan Asset Management has launched a Luxembourg-domiciled Emerging Markets Multi-Asset Fund.  It will be managed by Nadia Grant and the JPMAM Global Multi-Asset Group, which consists of 50 investment professionals, managing close to $60 billion.

The team will utilise existing emerging markets strategies for direct market exposures while implementing tactical asset allocation to reflect the team’s shorter-term macro views. 

The portfolio will initially be split between equities - managed by Richard Titherington, chief investment officer of emerging market equities - and fixed income, managed by Pierre-Yves Bareau, CIO of emerging market debt.  The fund will also utilise a futures overlay strategy, enabling it to take shorter-term, tactical bets according to relative valuations and momentum signals.

The objective of the fund is to provide capital growth by investing primarily in an actively-managed portfolio of equities and bonds of emerging market companies and sovereign issuers.

“Emerging markets still look compelling based on our long-term view that the emerging economies will continue to have higher GDP growth and will see continued growth of its their middle classes which will lead to increased domestic consumption trends within the regions,” said Marc Shaw, client portfolio manager for the fund.

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