Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter