JPMorgan Launches Four 130/30 Funds

Oct 26 2007 | 10:23am ET

JPMorgan Asset Management has recently launched four 130/30 Funds aimed at institutional investors. The four new funds include JPM US Select 130/30 Fund, JPM US 130/30 Fund, JPM Europe Select 130/30 Fund and the JPM Europe 130/30 Fund.

The firm is no stranger to 130/30 strategies, having managed over $2 billion in its Large Cap 130/30 strategy since July 2004. That strategy has returned 17.15% annualized since inception, according to the firm.

“JPMAM has been at the forefront of the industry in developing and managing 130/30 funds, with the launch of one of the first 130/30 funds in the US in 2004,” said Peter Ball, head of UK Institutional Business for JPMorgan Asset Management. “[Our] depth of experience and breadth of stock coverage around the world, as well as our rigorous stock ranking systems and disciplined portfolio construction techniques, give JPMAM considerable competitive advantages when it comes to 130/30 investing.”

JP Morgan’s latest European offerings will be benchmarked against the MSCI Europe and its U.S. offerings against the S&P 500 Index. All four strategies charge fees of 1.5% for management and 10% for performance. In total, the firm has about $1.5 trillion in global discretionary assets under management, including private equity and hedge funds.


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