JP Morgan Emerging Markets Opportunities Equity Offshore Fund

NFO period: 16th June – 30th June, 2014

JP Morgan Asset Management India Private Limited has announced the launch of JP Morgan Emerging Markets Opportunities Equity Offshore Fund, an open ended fund of funds scheme that seeks to provide long term capital growth to its investors.

The underlying investment philosophy of this fund is to tap the investor sentiments with regards to emerging markets. This fund aims to invest primarily in an aggressively managed portfolio of emerging market companies. JPMorgan Funds - Emerging Markets Opportunities Fund is managed using top-down and bottom-up screens, as well as fundamental analysis.

Despite the modest decline over the past several years, emerging markets are considerably independent of developed markets with growing trade possibilities. The earnings per share and dividend per share have also significantly surpassed those of developed markets. With a contribution of over 50% of global GDP, this is an attractive time for investment in emerging markets.

Noriko Kuroki, Client Portfolio Manager, Global Emerging Markets Team (Singapore), JPMAM said, “We are very pleased to introduce JPM EM Opportunities Fund to India. EM investment universe has expanded rapidly over the past decade, creating new opportunities and more room for diversification. Our EM Opportunities fund draws on the breadth and depth of our research capabilities, top down and bottom up, fundamental and quantitative. It is a conviction-led, highly concentrated portfolio, taking the best ideas from over 20 emerging market countries.

Emerging markets have been out of favour for several years, as growth decelerated and earnings struggled. However, in a world of globalisation, we believe that EM will eventually re-couple with DM, leading to the long-awaited earnings recovery. Encouragingly, there are some tentative signs that this EM recovery is unfolding, albeit gradually. EM is now attractively priced both in relative to its own history as well as against DM, offering a very attractive entry point for investors in India.”

Elaborating on the NFO, Nandkumar Surti, MD&CEO, JPMAM India said, “Developed markets continue to exhibit stable to strong growth. It’s only a matter of time before this has a positive effect on emerging market economies. The fundamentals for emerging markets are already there. The only missing ingredient is earnings growth. The earnings growth should now start coming, given the linkages to the developed world. We want to be early in the market to allow investors an opportunity to invest at relatively attractive valuations.”

Key features of JPMorgan Emerging Markets Opportunities Equity Offshore Fund:

NFO Opens  -  16 June 2014

NFO Closes - 30 June 2014

Nature of the Scheme -  Open-Ended Fund of Funds Scheme

Benchmark - Morgan Stanley Capital International (MSCI) Emerging Markets Index (Total Return Net)

Entry Load - NIL

Exit Load - 1% if redeemed/switched out within 12 months from the date of allotment

Initial Application Amount - Rs.5,000 per application.

Additional Application Amount - Rs.1,000 per application and in multiples of Re.1/- thereafter.

About J.P. Morgan Asset Management

 J.P. Morgan Asset Management 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 about US$1.6 trillion* in assets under management (the Asset Management client funds of J.P. Morgan Chase & Co. as at 31 March 2014) and offices in 38 countries 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 managed Asia Pacific client assets totalling US$133.5 billion as at 31 March 2014.  In Asia Pacific we have 8 offices, including Hong Kong as our regional headquarters, Australia, China, India, Japan, Korea, Singapore and Taiwan.  With over 1,600 employees across the region, JPMAM is able to provide a constant link to these markets and to gather first-hand insights and perspective.

Commitment to India:

JP Morgan Asset Management India Private Limited is the Indian arm of J.P. Morgan Asset Management. It commenced its mutual fund business in India in April 2007, initially establishing its head office in Mumbai and subsequently opening satellite offices in Delhi, Kolkata, Chennai, Ahmedabad, Pune and Bengaluru. The firm distributes its funds through a network of banks, independent financial advisers and national distributors across the country.

The form has a very clear agenda of bringing the inherent strengths of J.P. Morgan Asset Management into the country, namely:

·         Excellence and continuity in investment management

·         A comprehensive and competitive range of products

·         Strong systems and processes

·         Exceptional risk management and controls

J.P. Morgan Asset Management manages assets on behalf of a broad range of retail and institutional investors in India. It continues to expand its product range to meet the needs of its diverse client base, using the resources and expertise available from its global network.

*Note: This includes Investment Management and Private Banking.

Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. Informational sources are considered reliable but you should conduct your own verification of information contained herein. The value of investments and the income from them may fluctuate and your investment is not guaranteed. Past performance is not necessarily a guide to future performance and investors may not get back the full amount invested. These price movements may result from factors affecting individual companies, sectors or industries. Equity securities are subject to “stock market risk,” meaning that stock prices in general may decline over short or extended periods of time.

Tax implications are different based on the products and various other factors. J.P. Morgan accepts no liability with respect to the investment decision being taken. Please consult your Tax Advisor before investing. As an investor you are advised to conduct your own verification and consult your own financial advisor before investing.

 JP Morgan Asset Management India Pvt. Ltd. offers only the units of the schemes under JPMorgan Mutual Fund, a mutual fund registered with SEBI. JPMorgan Funds – Emerging Markets Opportunities Fund is an underlying fund for JPMorgan Emerging Markets Opportunities Equity Off-shore Fund launched in India.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

For further information please contact:

Mansi Desai

Manager - Marketing & Communications,

J.P. Morgan Asset Management India Pvt. Ltd.

Mobile:  9920432378

Email Id: mansi.t.desai@jpmorgan.com

Mihir Dani

Sr. Management Supervisor

IPAN Hill+Knowlton Strategies

Mobile: 9833424812

E mail Id: mihir.dani@hkstrategies.com

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