JPMAMIPL launches JPMorgan US Value Equity Off-shore Fund

India Infoline News Service | Mumbai |

JP Morgan Asset Management brings to investors an opportunity to invest in the world’s largest stock market.

JPMorgan Asset Management India Private Limited (JPMAMIPL) announced the launch of JPMorgan US Value Equity Off-shore Fund, an open ended fund of funds scheme. The fund is open for subscription from 17 July 2013 to 31 July 2013. With this fund, J.P. Morgan Asset Management brings to investors an opportunity to invest in the world’s largest stock market.

The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in JPMorgan Funds – US Value Fund, an equity fund which invests primarily in a value style biased portfolio of US companies. The fund will be benchmarked against the Russell 1000 Value Index*.

Speaking on the NFO, Nandkumar Surti, MD & CEO, JPMAMIPL said, “With an experienced team of analysts and a strong lineage in America, we at J.P. Morgan Asset Management are well positioned to manage investments in our home market. Our deeply resourced, research driven US Equity team manages assets worth USD 157bn# across strategies. We are bringing the US Value Fund to the Indian investor because our belief is that high quality picks in the US stock market offer attractive valuations today. We believe that JPMorgan US Value Equity Off-shore Fund offers a good diversification opportunity for Indian investors.

Elaborating on the fund, Christian Preussner, Executive Director, Head - International Client Portfolio Manager, JPMAM said, “US companies emerged from the 2008 crisis with stronger balance sheets, leaner operations all of which make them very competitive in the global marketplace. As the US economy has gathered momentum due to a boom in the energy and the real estate sector, the US equities market poses as 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.”
 

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