J.P. Morgan Asset Management launches JPMorgan US Value Equity Off-shore Fund

JPMorgan Asset Management India Private Limited (JPMAMIPL) today 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.

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.

J.P. Morgan Asset Management is the brand name of J.P. Morgan Chase & Co’s asset management companies. J.P. Morgan Asset Management is a global asset management leader providing world-class investment solutions to clients. US $1.5 trillion trillion* in assets under management (as at 31 March 2013) and offices in 40 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.

Commitment to India: JPMorgan Asset Management India Private Limited is the Indian arm of J.P. Morgan Asset Management. It commenced its mutual fund business in India in April 2007, initially establishing its head office in Mumbai and subsequently opening satellite offices in Delhi, Kolkata, Chennai, Ahmedabad, Pune and Bengaluru. The firm distributes its funds through a network of banks, independent financial advisers and national distributors and currently has caters to investors in over 140 cities across the country.

The firm is still in its infancy but has a very clear agenda of bringing the inherent strengths of J.P. Morgan Asset Management into the country