HONG KONG: AUD/CAD/NZD Hedged Classes now available for JPMorgan Multi Income Fund
Jul 09, 2012
Hong Kong, 9 July 2012: J.P. Morgan Asset Management (JPMAM) today announced the launch of three new share classes of its JPM Multi Income Fund:
- Australian Dollar (AUD) hedged class;
- Canadian Dollar (CAD) hedged class;
- New Zealand Dollar (NZD) hedged class.
JPM Multi Income Fund is a yield-oriented multi-asset mutual fund designed to maximise income opportunities from a broad range of asset classes including high yield bonds, emerging market debt, global equities, emerging market equities and real estate investment trusts (REITs). To diversify risk and to reduce volatility, the Fund currently has more than 640 securities in its portfolio. The average rating of the Fund's bond holdings is BB.
Since its launch in September 2011, the JPM Multi Income Fund has achieved a total return of 9.5% as at 29 June 2012*. Dividends are paid monthly and the annualised yields for the period December 2011 to June 2012 average 5.34% for the Hong Kong Dollar (HKD) class and 5.32% for the US Dollar (USD) class respectively#.
"Traditional sources of income have fallen significantly in recent years, however, the need for income remains high. With the addition of the new AUD, CAD and NZD hedged classes, investors, whose base currency of investment is Australian, Canadian or New Zealand dollars, can access some of the most attractive sources of income across varying market conditions offered by JPM Multi Income Fund's dynamic and unconstrained global approach," said Terry Pan, Head of Hong Kong Business at JPMAM.
For investors who are seeking higher yields, capital appreciation potential, a more diversified and flexible approach to income investing, and to increase their risk tolerance as traditional sources of income fall below current rates of inflation, the Fund may help maximise income opportunities in the current low-yield environment. The newly-added AUD, CAD and NZD hedged classes of the Fund are in addition to the existing US Dollar and Hong Kong Dollar classes. The minimum subscription amount is USD2,000 (or HKD5,000 through the online J.P. Morgan eTrading platform) or monthly investment of HKD1,000 via eScheduler, JPMAM's monthly fund investment tool.
* Return from inception on 9 September 2011 to 29 June 2012, NAV to NAV in USD with income reinvested.
# Dividend is not guaranteed. Positive distribution yield does not imply positive return. Annualised yield = (Distribution per unit x 12) / ex-dividend NAV x 100%. The annualised dividend yield is calculated based on the monthly dividend distribution, and may be higher or lower than the actual annual dividend yield.
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For further information please contact:
Daniel Chui, Head of Investor Communications
Telephone: (852) 2800 2874
Issued by JPMorgan Funds (Asia) Limited
Harriet Ngan, Internal & Media Communications
Telephone: (852) 2800 2776
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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$1.3 trillion in assets under management (the Asset Management client funds of J.P. Morgan Chase & Co. as at 31 March 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.
Commitment to Hong Kong
JPMAM's investment management business in Asia has remained headquartered in Hong Kong for more than three decades and today has over 500 employees based in this location. JPMAM and its investment arm - JF Asset Management - are one of the largest local investment managers in Hong Kong with over US$77 billion (31 March 2012) 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.