Hong Kong's University Fantasy Fund Manager 2010 winners announced

May 24, 2011

The competition launched in 2009 to provide university students in Hong Kong with an opportunity to gain realistic investment experience.

Hong Kong, 24 May 2011:  J.P. Morgan Asset Management (JPMAM) today announced the winners of the University Fantasy Fund Manager 2010 (UFFM), an educational competition first launched in 2009 to provide university students in Hong Kong with an opportunity to gain realistic investment experience. For the first time, JPMAM also offered a summer internship position to one of the winners.

Sponsored by JPMAM and jointly organized with nine universities* in Hong Kong, UFFM 2010 has drawn over 680 students from local universities to enter the Individual Challenge and 129 teams (each made up of four to five student members) to sign up for the Group Challenge. Over 1,100 students have attended the JPM Investment Academy sessions run on university campuses to provide students with a basic knowledge of fund investing, portfolio management and market analysis.

The UFFM was first founded in 2009 when three local universities participated. The 2010 competition has been extended to welcome students from all disciplines studying in nine local universities. For UFFM 2010, the Individual Challenge saw the number of participants increased by 50% while the number of teams signed up for the Group Challenge increased by more than 300% compared to last year.

Speaking at the UFFM 2010 award presentation ceremony, Mr Terry Pan, Head of Hong Kong Business, said, ‘Following the success of UFFM 2009, the UFFM has returned in 2010 with more attractive prizes and an expanded collaboration with local universities. We are delighted to see the overwhelming response from students this year, not only in participating in the competition but also in attending the JPM Investment Academy courses. It is particularly encouraging to see that participants come from various disciplines including the Arts, Engineering, Computer Science and Business.’

The UFFM 2010 competition, which kicked off in November 2010, consists of a Group Challenge and an Individual Challenge. The Group Challenge is a team-based, simulated portfolio-building competition. The teams are given a scenario where they have to develop a tailor-made investment proposal to give portfolio recommendations that meet the return expectations and risk appetite of the ‘virtual client.’ The shortlisted teams presented to a panel of judges and their investment proposals were evaluated based on structure, technicality, suitability and presentation.

In the Group Challenge for 2010, team ‘Intellivestor’ is named the winner, while team ‘Momentum’ and team ‘Sam.JPEG’ are named first and second runners-up. The winning teams, all from the Chinese University of Hong Kong, were each awarded HKD20,000, HKD10,000 and HKD5,000, respectively, for fund investment into new accounts to be set up with JPMAM.

On top of these monetary prizes, Wendy Chui, one of the winners from Intellivestor, was offered a paid summer internship position at JPMAM for one month.

In the Individual Challenge, a participant is granted USD1 million in ‘virtual money’ to construct and invest in a portfolio of funds managed by JPMAM in Hong Kong. The performance of the participants is judged according to the actual performance of the J.P. Morgan funds for the period 30 November 2010 to 29 April 2011.

Winner of the Individual Challenge for 2010 is Gabriel Kwan from the City University of Hong Kong. First and second runners-up are Cheng Wing Tung and Ng Wing Cheong respectively, who are also students of the City University of Hong Kong. They were awarded HKD3,000, HKD2,000 and HKD1,000, respectively, for fund investment into a new account to be set up with JPMAM.

In addition to receiving a Certificate of Merit awarded by JPMAM, all winners are invited to attend an exclusive Fund Manager Sharing Session, where a highly-experienced fund manager, Stephen Chang, Head of Asian Fixed Income, will share with them his valuable investment experience and insights.

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*Participating universities: City University of Hong Kong, Hong Kong Baptist University, Hong Kong Shue Yan University, Lingnan University, The Chinese University of Hong Kong, The Hong Kong Polytechnic University, The Hong Kong University of Science and Technology, The Open University of Hong Kong and The University of Hong Kong.

For further information please contact:
Daniel Chui, Head of Investor Communications  
Telephone: (852) 2800 2874    
Email: daniel.wc.chui@jpmorgan.com  

Harriet Ngan, Internal & Media Communications
Telephone: (852) 2800 2776
Email: harriet.hy.ngan@jpmorgan.com

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.

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 2011) 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$91 billion (31 March 2011) 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, 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.

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