Against the backdrop of the worldwide spread of the coronavirus, the firm’s Global Select Equity Fund and the Global Dividend Fund were registered with the Monetary Authority of Singapore (MAS) last Friday.
The two Luxembourg-domiciled products are in recognition-pending process, according to MAS records. Once approved, they will be available to retail investors in Singapore.
This move comes after the firm registered a multi manager hedge fund with the MAS in January. Focused on alternatives, the product is still awaiting approval for sale to retail investors in Singapore, MAS records show.
The Global Select Equity Fund, which has been available to accredited investors in Singapore, was launched in April 2002. It aims to achieve a return in excess of the global equity markets, according to its factsheet.
Co-managed by Helge Skibeli and Christian Pecher, the fund uses a research-driven investment process that is based on the fundamental analysis of companies and their future earnings and cash flows by a team of specialist sector analysts, according to its factsheet.
The top three holdings are Microsoft (3.7%), Alphabet (3.3%) and Amazon (3.1%) while the top ten holdings account for 24.1% of the fund’s total assets.
The largest geographic exposure is the US (60.6%) and the highest sector allocation is industrial cyclicals (10.4%), followed by pharma/medtech (10.1%) and banks (8.9%), the factsheet shows.
JPMorgan Global Select Equity Fund vs category average and benchmark
Global Dividend Fund
The firm’s global dividend product was incepted in November 2007. Co-managed by Helge Skibeli and Sam Witherow, it aims to provide long-term capital growth by investing primarily in companies globally that generate high and rising income, according to its factsheet.
“The fund uses a research-driven investment process that is based on the fundamental analysis of companies and their future earnings and cash flows by a team of specialist sector analysts while seeks to identify high dividend yielding companies,” the factsheet noted.
The fund is available to retail investors in Hong Kong and accredited investors in Singapore, FE Fundinfo shows.
The top holdings include Microsoft (3.7%), Nextera Energy (3.0%) and Coca-Cola (2.6%) while the top ten positions account for 26% of the fund’s total assets.
The largest geographic exposure is the US (52.3%), followed by Europe & Middle East ex UK (23.6%). The top three sectors with highest allocation are industrial cyclicals (9.8%), banks (9.6%) and technology – semi & hardware (9.2%), the factsheet shows.
FSA sought more information from JP Morgan AM, but the firm declined to comment.
This month, two other asset managers have applied to launch funds to retail investors in Singapore — Pinebridge and Natixis.
JPMorgan Global Dividend Fund vs category average and benchmark
