JPMorgan AMC launches US Value Equity Off-shore fund

This is an open ended fund of funds scheme which will be open for subscription from 17th July to 31st July this year

JPMorgan Asset Management launched an open-ended fund of funds scheme called JPMorgan US Value Equity Off-shore Fund on Tuesday. The fund will be open for subscription from July 17 to 31, 2013.

The scheme’s primary investment objective is to provide long-term capital growth by investing predominantly in JPMorgan Funds-US Value Fund, which invests in a value style biased portfolio of US companies. It will be bench-marked against the Russell 1000 Value Index (an index of approximately 1,000 largest companies in the US equity markets).

“Our belief is that high quality stocks in the US stock market offer attractive valuations today and this fund is a good diversification opportunity for Indian investors,” said Nandkumar Surti, CEO of JPMorgan AMC (India).

JPMorgan’s US equity team manages assets worth $157 billion.

According to Christian Preussner, executive director and head (international client portfolio manager) at JPMorgan Asset  Management, “As the US economy has gathered momentum thanks to a boom in the energy and the real estate sector, the US equities market offers an attractive option to invest in. The underlying fund of JPMorgan US Value Equity Off-shore fund focuses on high quality companies with attractive valuations and generates strong risk adjusted returns.”