LONDON: J.P. Morgan Asset Management to publish market-based net asset values (NAVs) for three liquidity funds in its European range

Feb 11, 2013

J.P. Morgan Asset Management today announced that three of its Luxembourg-domiciled European money market funds will begin to disclose their market-based NAVs per share (also known as Shadow NAVs) on a daily basis. This additional disclosure will provide investors with greater transparency regarding the Market-Based NAV's fluctuation. The Market-Based NAV will not impact the price at which shareholders will deal in the funds. Distributing classes will continue to transact at $1 per share, and accumulating classes will transact at the daily price disclosed on the website.

This follows a similar recent announcement relating to the firm's US money market funds.

Beginning on 19 February 2013, the JPMorgan Liquidity Funds - US Dollar Liquidity Fund, the JPMorgan Liquidity Funds - US Dollar Government Liquidity Fund and the JPMorgan Liquidity Funds - US Dollar Treasury Liquidity Fund will calculate their Market-Based NAVs per share to four decimal places at the Funds' close of each trading day and disclose it the following business day on its website. Other stable NAV funds in the European range are expected to follow suit later in the year.

Jim Fuell, Head of Global Liquidity EMEA at J.P. Morgan Asset Management commented: "Daily disclosure of market-based NAVs will help investors better understand how day-to-day market movements or events can affect the value of the funds' portfolios. This increased NAV transparency will allow investors to better understand the nature of money market fund risks and enable them to make more informed decisions regarding their investments while they continue to enjoy the benefits that money market funds offer." He concluded: "We have had a very positive reaction from our US clients and we are pleased to now disclose market-based NAVs for our clients in these three European funds."

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For further information please contact:
J.P. Morgan Asset Management
Jane Drew
Telephone: 020 7742 6326
Email: jane.e.drew@jpmorgan.com

Lansons Communications
Victoria Murray
Telephone: 0207 566 9708
Email: victoriam@lansons.com

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 JPMorgan Chase & Co. as at 31 December 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 Global Liquidity offers clients money market and liquidity products over a diverse array of currencies, strategies and jurisdictions with a total of $506 billion in assets under management as at 31 December 2012.

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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