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JP Morgan MF Floats Equity Off-shore Fund

JPMorgan Mutual Fund has launched a new open ended fund of funds scheme.

JPMorgan Mutual Fund has launched a new open ended fund of funds scheme, India Infoline reports. The JPMorgan JF ASEAN Equity Off-shore Fund will assign 80-100% of its assets in units/shares of JPMorgan Funds - JF ASEAN Equity Fund with medium to high risk profile.

The portfolio, which will be managed by Namdev Chougule, will further allocate upto 20% of assets in money market instruments and/or units of liquid schemes with low to medium risk profile. The fund will track the performance of the Morgan Stanley Capital International (MSCI) South East Asia Index.

Click here for the story from India Infoline.

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