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JPM reopens blockbuster Asian equity fund

JPM reopens blockbuster Asian equity fund

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.

The JPMorgan ASEAN Equity fund, which is run by Pauline Ng (pictured), was closed to new investments after assets reached $1.2 billion.

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.

Ng, who runs four funds in total for JPM, is based in Singapore. She is supported on the JPM ASEAN Equity fund by Sarinee Sernsukskul and Changqi Ong.

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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Pauline Ng
Pauline Ng
1/11 in Equity - ASEAN (Performance over 3 years) Average Total Return: 38.55%
Chang Qi Ong
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2/11 in Equity - ASEAN (Performance over 3 years) Average Total Return: 38.55%
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