The Luxembourg domiciled fund will leverage J.P. Morgan Asset Management's global footprint to provide clients access to many of the fastest growing economies in the world.
The fund is managed by Nadia Grant and the J.P. Morgan Asset Management Global Multi Asset Group (GMAG) which consists of 50 investment professionals, managing close to $60billion. 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, CIO of Emerging Market Equities, and fixed income, managed by Pierre-Yves Bareau, CIO of Emerging Market Debt. This product will evolve over time as Grant and the GMAG team tactically allocate between asset categories to incorporate J.P. Morgan Asset Management's best ideas in the emerging markets.
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.
Marc Shaw, Client Portfolio Manager for the JPM Emerging Markets Multi-Asset Fund commented: "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. Our experienced localised investment teams will give investors an opportunity to gain access to these trends whilst keeping volatility at a minimum. Our GMAG group has a wealth of experience and an excellent track record in global asset allocation and we're also fortunate to be able to leverage the expertise of our emerging market equities and emerging market debt managers."
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