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JPMorgan Asset Management India today announced the launch of JPMorgan Emerging Markets Opportunities Equity Offshore Fund, an open ended fund of funds scheme that seeks to provide long term capital growth to its investors.
The fund aims to invest primarily in an aggressively managed portfolio of emerging market companies, the company said in a release.
JPMorgan Funds - Emerging Markets Opportunities Fund is managed using top-down and bottom-up screens, as well as fundamental analysis, it added.
JPMorgan Asset Management India said despite the modest decline over the past several years, emerging markets are considerably independent of developed markets with growing trade possibilities. The earnings per share and dividend per share have also significantly surpassed those of developed markets.
"With a contribution of over 50 per cent of global GDP, this is an attractive time for investment in emerging markets, it said.
"Emerging markets have been out of favour for several years, as growth decelerated and earnings struggled. However, in a world of globalisation, we believe that EM will eventually re-couple with DM, leading to the long-awaited earnings recovery," JPMAM Client Portfolio Manager- Global Emerging Markets Team (Singapore) Noriko Kuroki said.
"Encouragingly, there are some tentative signs that this EM recovery is unfolding, albeit gradually. EM is now attractively priced both in relative to its own history as well as against DM, offering a very attractive entry point for investors in India," Kuroki added.
