View the article online at http://citywire.co.uk/wealth-manager/article/a733977
JPM reopens blockbuster Asian equity fund
by Chris Sloley on Feb 14, 2014 at 11:13
JP Morgan has reopened the Luxembourg-domiciled version of its ASEAN equity fund with assets having fallen nearly $400 million since it was soft-closed in April 2013.
JPM saw assets fall to $1.04 billion in the months following the application of capacity constraints. According to the fund’s latest factsheet, its assets under management stand at $854 million as of February 12 2014.
It was originally closed in order to protect the capital of existing investors following a period of rapid inflows into the fund.
The JP Morgan ASEAN Equity A Acc USD fund has returned 14.1% over the three years to the end of January 2014. This compares to a rise of 11.39% by its Citywire benchmark, the FTSE World Asia Pacific ex Japan TR USD, over the same period.
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