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PrintMar 13, 2007
JPMorgan Asset Management Taiwan outpaced Taiwan's other retail fund houses to win one of Asia Asset Management's 2006 Best of the Best Awards.
Strong fund performance, innovative products, and a history of client service excellence helped JPMAM Taiwan edge out other Taiwan investment managers in the retail space to win one of Asia Asset Management Journal's "Best of the Best Awards."
The award recognized JPMAM Taiwan’s growth in net assets, which increased by USD 2,665.2 million (excluding money funds) as at end December 2006, outpacing Taiwan's other retail fund houses and establishing JPMAM Taiwan as the big winner in the Taiwan marketplace.
With its roots firmly in the retail space, JPMAM Taiwan has a history of providing innovative products and excellent client service to its more than 380,000 clients.
This — coupled with excellent fund performance — helped JPMAM Taiwan forge ahead of its competitors to reach total retail assets under management of USD 8,673 million.
Offshore AUM reaches record high
Offshore funds AUM reached a record high by the end of 2006 when they hit USD 4,422 million. But AUM in onshore or domestic funds were equally impressive at USD 4,251 million. The launch of JF (Taiwan) Japan Brilliance Fund in the first quarter of 2006 helped enormously, raising a fantastic USD 412 million during its initial public offering.
Eddie Chang, head of JPMAM Taiwan, believes that the firm will go from strength to strength as it launches new and innovative products throughout 2007 to meet the growing needs of their clients.
"This 'Best of the Best Award' is a testament to the hard work of all our employees in Taiwan," Chang said. "Our overall AUM across all areas of the business has grown to be the largest in Taiwan, reaching over USD 10 billion at the end of 2006."
"This could not have been achieved if we had not delivered stronger performance, better services, and a greater variety of product solutions to our clients," Chang added.
"Going forward, we will strive to better serve our clients — that’s what makes us stand out from our competitors."
The opinions expressed in this document are those held by the author at the date of publication. The reviews expressed herein are not to be taken as an advice or recommendation to support an investment decision. The information included in this document has been taken from source considered as reliable; JPMorgan Asset Management cannot however guarantee its accuracy.