JP Morgan Asset Management has confirmed the launch of the JPM Emerging Markets Multi-Asset Fund which will be domiciled in Luxembourg.
 


The new fund will be managed by Nadia Grant and the company’s Global Multi-Asset Group (GMAG), comprising 50 investment professionals, managing close to £38.2 billion (US $60 billion).
 


The company said the portfolio will be split initially between equities, managed by Richard Titherington, CIO of emerging market equities, and fixed income, which will be managed by Pierre-Yves Bareau, CIO of emerging market debt.
 


The fund will adopt a futures overlay strategy in order to take short term bets according to relative valuations and momentum signals, JP Morgan revealed.
 

Its objective is to provide capital growth through investment in an actively managed portfolio of equities and bonds of emerging market companies and sovereign issuers.
 


Marc Shaw, client portfolio manager for the Emerging Markets Multi-Asset Fund, said, ‘Emerging markets still look compelling based on our long term view that the emerging economies will continue to have higher GDP growth and will see continued growth of their middle classes, which will lead to increased domestic consumption trends within the regions.’
 


Shaw added that investors will have an opportunity to access these trends but confirmed that the company’s investment teams would keep volatility to a minimum.