JP Morgan Funds, the U.S. mutual fund business of JPM organ Asset Management, today launched three new international mutual funds: JP Morgan China Region Fund, JP Morgan Latin America Fund and JP Morgan Russia Fund.
JP Morgan Asset Management has a vast global investment team, with experienced investors entrenched in markets around the world,” said George Gatch, President and CEO of JPMorgan Funds. “We are bringing this global insight and expertise to U.S. investors through new international mutual funds that seek to capitalize on our depth of knowledge and years of experience in these regions.
These are the latest in a number of innovative product launches for JPMorgan Funds. The JPMorgan International Realty Fund was launched in November 2006 and the firm plans to launch more international funds in the coming months.
About the Funds:
JP Morgan China Region Fund, ticker JCHAX, will be managed by Howard Wang, Shumin Huang, Emerson Yip, Patrick Lung and Peter Tang in Hong Kong. Under normal market conditions, this Fund will invest at least 80% of the value of its assets in equity securities of companies in the China region or instruments that have similar economic characteristics.
JP Morgan Latin America Fund, ticker JLTAX, will be managed by Luis Carrillo and Sophie Bosch in New York and Sebastian Luparia in Buenos Aires. Under normal market conditions, this Fund will invest at least 80% of the value of its assets in securities of Latin American issuers and other investments that are tied economically to Latin America.
JPM organ Russia Fund, ticker JRUAX, will be managed by Oleg Biryulyov in Moscow and Vitaly Kazakov in London. Under normal market conditions, this Fund will invest at least 80% of the value of its assets in equity securities of Russian companies or instruments that have similar economic characteristics.
Mutual funds are subject to certain market risk. Investment returns and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost.
International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Also, some overseas markets may not be as politically and economically stable as the United States and other nations. The risks associated with foreign securities are magnified in countries in “emerging markets.” These countries may have relatively unstable governments and less-established market economies than developed countries. Emerging markets may face greater social, economic, regulatory and political uncertainties. These risks make emerging market securities more volatile and less liquid than securities issued in more developed countries.
Contact JP Morgan Funds Distribution Services at 1-800-480-4111 for a fund prospectus. You can also visit us at www.jpmorganfunds.com/. Investors should carefully consider the investment objectives and risk as well as charges and expenses of the mutual fund before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing. JPMorgan Funds are distributed by JP Morgan Distribution Services, Inc., which is an affiliate of JP Morgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds.
JP Morgan Asset Management is the marketing name for the asset management businesses of JP Morgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., JP Morgan Investment Advisors, Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.
Copyright 2007 JPMorgan Chase & Co.