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JP Morgan Launches Emerging Markets Income Fund

Sandra Kilhof

4 November 2013

has launched an emerging markets fund, the Total Emerging Markets Income Fund, which combines investments in debt and equity with JPMorgan Funds.

The Luxembourg-domiciled fund will be co-managed by Richard Titherington, chief investment officer of emerging market equities and Pierre-Yves Bareau, chief investment officer of emerging markets debt. The two CIOs each have more than 25 years of investment experience and are supported by a team of more than 75 investment professionals across the globe, the firm said in a statement.

“Broadening the emerging markets opportunity set to incorporate both equity and debt has the potential to provide strong risk-adjusted returns and a stable source of income. Combining debt and equity exposure can offer diversification,” said Titherington.

The fund will employ strategic asset allocation and active risk management through currency overlay and liquidity assessment, as well as top-down and bottom-up insights on security selection. The fund will target 6 per cent gross yield.