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PrintJun 05, 2008
• JPMorgan Asset Management announced today that it had won 21 mandates from UK pension plans at year to date 2008.
London, 5 June 2008: JPMorgan Asset Management (JPMAM) announced today that it had won 21 mandates from UK pension plans at year to date 2008, with a total AUM of approximately £1 billion. JPMAM also saw significant flows into alternative asset classes such as infrastructure, real estate, and hedge funds.
Peter Ball, Head of UK Institutional Business for JPMorgan Asset Management said, “We have sustained our impressive growth rates in the first five months of 2008.We have had 17 consecutive quarters of positive net new business flows and Q2 looks certain to be the 18th. In a market where institutional investors are increasingly looking for specialist, higher performance equity fund management expertise and the diversification benefits of investing into alternative asset classes, the opportunities for sustained growth in our UK institutional business are significant.”
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For further information please contact:
Emma Collins
Media Relations EMEA
Telephone: 020-7742-6331
Email: emma.collins@jpmorgan.com
Notes to Editors
JPMorgan Asset Management is part of J.P. Morgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.2 trillion in assets under management (the Asset Management client funds of JPMorgan Chase & Co. as at March 31st 2008) and offices in 39 locations around the world, JPMorgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.
JPMorgan Asset Management is a trading name of JPMorgan Asset Management Marketing Limited which has issued this material in the United Kingdom and which is authorised and regulated by the Financial Services Authority. Registered in England No. 288553. Registered office: 125 London Wall, London EC2Y 5AJ.
Any past performance referred to in this material is not a guide to future performance and the value of investments, and any income from them, can fall as well as rise. Any tax concessions referred to are not guaranteed and their value will depend on the individual circumstances of investors. Stock market linked investments carry a number of inherent risks. These risks will increase where fluctuations in exchange rates impact on the value of any underlying investments or where the investment is exposed to smaller companies or emerging markets. Investments in fixed income securities that are not rated as investment grade represent a greater risk to an investor’s capital.