JP Morgan Asset Management launches emerging markets income fund
JP Morgan Asset Management has launched Total Emerging Markets Income Fund, an emerging markets fund combining investments in debt and equity with JPMorgan Funds.
The Luxembourg domiciled fund will be co-managed by Richard Titherington, Chief Investment Officer, Emerging Market Equities and Pierre-Yves Bareau, Chief Investment Officer, Emerging Markets Debt.
“Broadening the emerging markets opportunity set to incorporate both equity and debt has the potential to provide strong risk-adjusted returns and a stable source of income,” Titherington said. “Investors are increasingly realising emerging markets can be a source of growth as well as yield, but are mindful of managing volatility. Combining debt and equity exposure can offer diversification.”
JPMorgan Funds – Total Emerging Markets Income Fund will utilise flexible, strategic asset allocation and active risk management through currency overlay and liquidity assessment. Top-down as well as bottom-up insights will inform security selection. The fund will target 6% gross yield.
The two CIOs co-managing this fund each have more than 25 years of investment experience and are supported by a team of more than 75 investment professionals across eight global locations.