Hong Kong: J.P. Morgan Asset Management Launches JPMorgan Asia Equity Dividend Fund
Jun 27, 2013
J.P. Morgan Asset Management (JPMAM) today announced the launch of JPMorgan Asia Equity Dividend Fund (the "Fund"), an Asian equity portfolio capitalising on the potential for sustainable income streams and capital growth.
Designed to capture income opportunities and long-term capital growth potential in the Asia Pacific region excluding Japan, JPMorgan Asia Equity Dividend Fund invests primarily in a portfolio of carefully selected Asian stocks and real estate investment trusts (REITs) that are expected to pay relatively higher dividend yields. The Fund expects to provide monthly distribution^ to investors via the "mth" classes. In addition, multiple currency choices are available, including USD, HKD, AUD Hedged, CAD Hedged, EUR Hedged, GBP Hedged, NZD Hedged and SGD Hedged Classes.
Terry Pan, Head of Hong Kong Business at JPMAM, said "JPMorgan Asia Equity Dividend Fund is an actively-managed, well-diversified Asian portfolio which aims to capture the attractive income opportunities across the region. The Fund may help investors to compensate for today's low interest rate environment by acting as an alternative source of income that is distributed in a timely and efficient manner. It is managed by Jeffrey Roskell, a proven expert in Asian dividend investment from our Asian equity team of 70 investment professionals based in the region."
Jeffrey Roskell, Fund Manager of JPMorgan Asia Equity Dividend Fund, said "Currently over onefifthof stocks in the MSCI Asia Pacific ex Japan Index have a yield of more than 4% while REITs inthe region are providing mid single-digit dividend yields on average. Also, high dividend yieldstocks have outperformed historically in Asia, driven by price appreciation and dividend returns overtime."
"With a focus on a dividend yield strategy, the Fund seeks to offer potentially better risk-adjustedreturns than a pure growth-oriented portfolio. While focusing on dividends, we also offer exposure toAsia's growing economies and to companies with strong corporate balance sheets. It is notable thatthe region has been delivering high economic growth even during difficult global conditions."
For investors looking for alternatives to traditional income sources while being willing to acceptsome additional risk, as well as those seeking to access proven expertise in Asian dividend investing,the new Fund may be an attractive solution.
From now to 31 July 2013, investors subscribing to JPMorgan Asia Equity Dividend Fund can enjoya special reduced initial charge offer of 1%. The minimum subscription amount is USD2,000 (orHKD5,000 through the online J.P. Morgan eTrading platform) or monthly investment of HKD1,000via eScheduler, JPMAM's monthly fund investment tool.
^ Dividend is not guaranteed. Positive distribution yield does not imply positive return.
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For further information please contact
Daniel Chui, Head of Investor Communications
Telephone: (852) 2800 2874
Florence Chan, Internal & Media Communications
Telephone: (852) 2800 2776
Issued by JPMorgan Funds (Asia) Limited
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Notes to Editors
J.P. Morgan Asset Management ("JPMAM") is the brand name of J.P. Morgan Chase & Co's asset management companies, including JPMorgan Funds (Asia) Limited.
J.P. Morgan Asset Management is a global asset management leader providing world-class investment solutions to clients. With over US$1.4 trillion in assets under management (the Asset Management client funds of J.P. Morgan Chase & Co. as at 31 March 2013) and offices in 34 countries 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 managed Asia Pacific client assets totalling US$123 billion as at 31 March 2013. In Asia Pacific we have 8 offices, including Hong Kong as our regional headquarters, Australia, China, India, Japan, Korea, Singapore and Taiwan. With over 1,600 employees across the region, JPMAM is able to provide a constant link to these markets and to gather first-hand insights and perspective.
Commitment to Hong Kong
JPMAM's investment management business in Asia has remained headquartered in Hong Kong for more than four decades and today has over 500 employees based in this location. JPMAM is one of the largest local investment managers in Hong Kong with over US$85 billion (as at 31 March 2013) of funds managed across the Asia Pacific region.
As part of a major global investment group, we are committed to providing specialist teams with the resources needed to deliver successful products and performance to our clients. The Hong Kong-based Pacific Regional Group, together with the local presence of the Global Portfolios Group, Global Multi Asset Group and Global Fixed Income Groups, forms the core of JPMAM's investment management operations. In addition to the knowledge and experience of our individual investment professionals, the stability of the team has enabled JPMAM to develop strong relationships with local clients.