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JP Morgan adds RMB share class to Japan fund

J.P. Morgan Asset Management has introduced a share class hedged to the renminbi in the JP Morgan Japan (Yen) Fund.

The asset management company said it has so far added the RMB-hedged share class to six funds, since offering the first one in March 2014.

Eddy Wong, head of funds business for Hong Kong and China retail, believes there is strong demand for RMB investment solutions among Hong Kong investors.

Apart from RMB-hedged class, the Japan fund currently offers yen, Hong Kong dollar-hedged and US dollar-hedged classes.

Nicholas Weindling, fund manager of JP Morgan Japan (Yen) Fund said there are some positive indicators for Japan such as a stable government, a supportive central bank, strong corporate earnings, reasonable stock valuations, and an increased focus on corporate governance from Japanese companies.

The JP Morgan Japan (Yen) Fund aims to provide long-term capital growth through investment primarily in Japanese securities and other securities whose performance is linked to the Japanese economy.

Part of the Mark Allen Group.