JPMorgan has announced the launch of an offshore fund – JPMorgan Europe Dynamic Equity Offshore fund. The fund objective is to invest predominantly in the JPMorgan Funds - Europe Dynamic Fund which invests primarily in European companies.
“With economic indicators showing a positive trend, data points reversing and signs of the developed Europe being on a growth trajectory, we believe that it’s just the right time to offer this fund to the Indian investors,” said Nandkumar Surti, MD & CEO, JP Morgan Asset Management India.
The fund is open for subscription from January 17, 2014 to January 31, 2014. It will be benchmarked against the MSCI Europe Index.
