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.