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| JPMorgan Asset Management launches Greater China Fund |
| Press Trust of India / Mumbai Jul 21, 2009, 16:01 IST |
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JPMorgan Asset Management India (JPMAMIPL), today announced the launch of JPMorgan JF Greater China Equity Off-shore Fund, an open-ended fund of funds scheme.
The primary investment objective of the scheme is to provide long-trm capital appreciation by investing in JPMorgan Funds — JF China Equity Fund, a press release issued here said.
JF Greater China Equity Fund is an equity fund which invests primarily in a diversified portfolio of companies incorporated or which have their registered office located in, or derive the predominant part of their economic activity from a country in the Greater China region, the release said.
The New Fund Offer (NFO) opened for subscription on July 9 and will close on July 31.
The scheme will invest 80-100 per cent in units/shares of JPMorgan Funds — JF Greater China Equity Fund and 0-20 per cent in money-market instruments and/or units of liquid schemes. The performance will bebenchmarked to the MSCI Golden Dragon Index (Total Return Net), the release said. JPMorgan Asset Management Executive Chairman, Krishnamurthy Vijayan, said that "we launched our asset management business in India with the objective of bringing our global suite of products to the Indian investor.
The Greater China region is poised to become a dominant player in the global economy within the next 10-years with the third largest GDP in the world."
"The JPMorgan JF Greater China Equity Off-shore Fund will provide investors direct access to one of the world's fastest growing economies and will enable them to diversify in the true sense," he added.
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