JPMorgan Asset Management India has launched an open ended fund of funds scheme, Financial Chronicle reports. The JPMorgan JF ASEAN Equity Off-shore Fund will be benchmarked against the MSCI South East Asia Index.
The fund will provide long term capital growth and allocate to companies in countries, including Singapore, Thailand, Indonesia, Malaysia and Philippines. The vehicle will also invest in Vietnam, Brunei, Lao PDR, Cambodia and Myanmar.
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