JPMorgan Asset Management India has launched an open-ended fund scheme called, JPMorgan US Value Equity Off-shore Fund, for those who want to invest in the US firms.
This open ended fund scheme will be open for subscription from 17 July to 31 July 2013.
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The fund will predominantly invest in JPMorgan Funds-US Value Fund, which invests in a value style biased portfolio of US companies.
The fund will be bench-marked against the Russell 1000 Value Index.
The offshore fund will be headed by a research team that has a portfolio manager with 32 years experience and 26 analysts with over 15 years experience.
Nandkumar Surti, CEO of JPMorgan AMC (India), said: "Our belief is that high quality stocks in the US stock market offer attractive valuations today and this fund is a good diversification opportunity for Indian investors."
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By GlobalDataChristian Preussner, executive director and head at JPMorgan AM, said: "As the US economy has gathered momentum thanks to a boom in the energy and the real estate sector, the US equities market offers an attractive option to invest in.
"The underlying fund of JPMorgan US Value Equity Off-shore fund focuses on high quality companies with attractive valuations and generates strong risk adjusted returns," Preussner added.
JPMorgan’s US equity team manages assets worth US$157 billion.
