JPMorgan is to bring its Emerging Markets Local Currency Debt fund to the UK retail marke...
JPMorgan is to bring its Emerging Markets Local Currency Debt fund to the UK retail market. Run by Gunter Heiland, it aims to achieve a return in excess of the bond markets of emerging countries by investing primarily in fixed and floating rate debt securities, using derivative strategies where appropriate Launched in January, the Luxembourg-domiciled Sicav will invest predominantly in countries where economic reform is likely to result in upgrade of the debt. It is benchmarked against the JPM GBI-EM Global Index Total Return Gross. Minimum investment in the product is €1,000.
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