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PrintOct 07, 2009
- JPM USD Liquidity Fund is the first mutual fund in Europe to hit $100bn.
- Size, strength and trust are key.
London, 7 October 2009: One year after the collapse of Lehman Brothers and 2 years after the start of the credit crisis, J.P. Morgan Asset Management, the world’s largest provider of institutional liquidity funds, has continued to see huge flows into its AAA-rated stable net asset value (NAV) funds despite an overall fall in assets across the money market funds industry this year. As a result, J.P. Morgan Asset Management remains the largest international provider of ‘AAA’ rated money market funds with a 31%1 market share of IMMFA-style funds.
J.P. Morgan Asset Management’s international Liquidity Funds business has grown by over 100% since September 2007, in terms of assets under management and now stands at $198 billion2. In addition, assets under management in the JPM USD Liquidity Fund specifically, have also grown by over 100% to $100 billion3 over the same period, making it the largest mutual fund in Europe today.
Kathleen Hughes, Head of Global Liquidity EMEA at J.P. Morgan Asset Management commented: “When investors are looking for safety, liquidity and diversification, they clearly want a manager they can trust as well as one with a proven track record. It is testament to J.P. Morgan Asset Management’s size, financial strength and global capabilities that we are seeing our inflows increase on such a scale. The JPM USD Liquidity Fund is a particular beneficiary of this but because of the strength of our global platform, our broader fund range has benefited greatly too.”
Size and Strength
As the world’s largest provider of institutional liquidity funds, J.P. Morgan Asset Management’s size and strength speak for themselves. Its ability to provide the confidence and surety that clients want and need in these volatile times is testament to its strong global business model. The firm’s focus on quality and risk management continues to attract significant inflows across the range of AAA-rated stable NAV liquidity and government style funds.
Bob Deutsch, Head of Global Liquidity at J.P. Morgan Asset Management added: “As one of the most respected names in the liquidity funds industry with over $500 billion4 worth of assets under management globally, we also believe in sharing our investment insights, resources and intellectual capital with our clients. Through value-added programmes and services, such as investment forums, exclusive white papers, industry surveys and one-on-one consultations, J.P. Morgan Global Liquidity brings unique perspectives to investment decisions and we’re proud of our depth and scale of ability in this area.”
1 Source: iMoneyNet Offshore as of 02/10/2009
2 Source: iMoneyNet Offshore as of 06/10/2009 using historical FX rates
3 Source: iMoneyNet Offshore as of 06/10/2009
4 Source: iMoneyNet Onshore and Offshore as of 02/10/2009
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For further information please contact:
Ben Larter
Media Relations EMEA
Telephone: 020-7742-2112
Email: benjamin.g.larter@jpmorgan.com
Notes to Editors
J.P. Morgan 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$1.1 trillion in assets under management (the Asset Management client funds of J.P. Morgan Chase & Co. as at June 30th 2009) and offices in 40 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.
J.P. Morgan Asset Management is a trading name of J.P. Morgan 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.