Emerging market investment strategies broadened a little further this week with JP Morgan Asset Management's multi-asset fund launch which aims to invest in equities and fixed income in some of the world's fastest growing economies.
The launch follows HSBC’s recent London-listed exchange-traded fund, which tracks the MSCI Emerging Markets Index. And earlier this year, Insynergy, a small UK firm, launched its New World Equity Income Fund which expanded the potential for investors to apply dividend-led investing to markets including Latin America, Africa and the Middle East. BlackRock also launched a dividend fund (see separate story).
The Luxembourg-domiciled JPM Emerging Markets Multi-Asset Fund is actively managed and offers direct market exposures and tactical asset allocation based on the management team’s shorter term macro views.
The portfolio will initially be split between equities, managed by Richard Titherington, CIO of emerging market equities, and fixed income, managed by Pierre-Yves Bareau, CIO of emerging market debt. This product will evolve over time to incorporate the firm’s best ideas in the emerging markets.
The fund will also utilise a futures overlay strategy, enabling it to take shorter-term, tactical bets according to relative valuations and momentum signals.
The objective of the fund is to provide capital growth by investing primarily in an actively managed portfolio of equities and bonds of emerging market companies and sovereign issuers.
Nick Fitzpatrick, Editor
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