LONDON: 2012-12-12 Challengers to popularity of Americas funds on J.P. Morgan platform as year-end approaches

Dec 12, 2012

UK, Asia and emerging markets funds gain traction

London, 12 December 2012: The latest monthly sales figures from J.P. Morgan Asset Management’s online investment platform, WealthManager+, show a greater variety of funds in the top 10s for net sales over the month, in contrast to recent months when North American and Latin American funds have dominated.

The platform offers funds and investment trusts from J.P. Morgan Asset Management (JPMAM) and more than 25 external managers, which investors can hold in an Investment Account, Individual Savings Account (ISA), Junior ISA or Self Invested Personal Pension (SIPP).

JPM US retained the top spot for net sales overall in November — the position it has held since JPMAM first released data in September, while Allianz Brazil’s jump from fifth place to second pushed JPM US Smaller Companies and JPM UK Dynamic into third and fourth place, respectively. JPM Asia, in fifth position, is a new entrant to the top 10 funds. The remainder of the top 10 overall is made up of an emerging markets fund, two UK investment trusts and two third-party Latin America funds.

Looking at third-party funds only, the previous bias towards North and South America is still apparent, with the only exception in the top five being Invesco Perpetual European High Yield. The rest of the top 10 is dominated by income and emerging markets funds.

Income is also a theme creeping into the net sales of J.P. Morgan Asset Management funds, where the seven JPMAM funds from the overall top 10 are joined by JPMorgan American Investment Trust, JPM Global High Yield Bond and JPMorgan Elect – Managed Growth.

  Top Selling overall - November
2 Allianz Brazil
3 JPM US Smaller Companies
4 JPM UK Dynamic
5 JPM Asia
6 JPM Emerging Markets
7 JPMorgan Claverhouse Investment Trust
8 Neptune Latin America
9 Aberdeen Latin American Eq
10 The Mercantile Investment Trust
  Top Selling J.P. Morgan Asset Management funds
2 JPM US Smaller Companies
3 JPM UK Dynamic
4 JPM Asia
5 JPM Emerging Markets
6 JPMorgan Claverhouse Investment Trust
7 The Mercantile Investment Trust
8 JPMorgan American Investment Trust
9 JPM Global High Yield Bond
10 JPMorgan Elect - Managed Growth
  Top Selling 3rd Party funds
1 Allianz Brazil
2 Neptune Latin America
3 Aberdeen Latin American Eq
4 Investec American A
5 Invesco Perp Erpn Hi Yd
6 Aberdeen Emerging Markets A
7 Invesco Perp High Income
8 Invesco Perp Income
9 First State Gbl EmMk Ldr
10 M&G Extra Income

Keith Evins, Head of UK Funds Marketing at J.P. Morgan Asset Management, said: "As we move into the closing stages of the year, it is interesting to note the continued appetite for Latin American funds, suggesting many direct investors still have a tilt towards growth, although income – whether from bonds or equities – remains popular too. The breadth of strategies in the top 10 funds overall – from income-focused UK small and mid-cap (JPMorgan Mercantile) to Asia, the US and emerging markets, reflects not just the comprehensive offering available on the J.P. Morgan WealthManager+ platform but also perhaps the lack of consensus as to where the best opportunities will be found in 2013."

J.P. Morgan WealthManager+
The J.P. Morgan WealthManager+ online platform allows customers to access a number of financial planning tools, such as the financial health check and a tool to evaluate attitude to investment risk to help with investment decisions. It is ideal for investors who want to take control of their financial future offering a wide selection of investments including OEICs, SICAVs and investment trusts from J.P. Morgan as well as funds from other leading fund managers, UK equities and ETFs. Investments can be held in an ISA, Junior ISA, SIPP or directly in an Investment Account.

- Ends –

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Notes to Editors

About J.P. Morgan Asset Management

J.P. Morgan Asset Management is part of JPMorgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.4 trillion in assets under management (the Asset Management client funds of JP Morgan Chase & Co. as at 30 September 2012) and offices in 41 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: 25 Bank Street, Canary Wharf, London E14 5JP.

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.


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