JP Morgan Asset Management has launched the open-ended Emerging Markets Income Fund, having brought a similar closed-ended vehicle to the market two years ago.
The new vehicle aims to provide investors with exposure to dividend-paying emerging market companies.
Richard Titherington, chief investment officer for emerging market equities, will be able to invest as much as 20% of the portfolio in debt.
Titherington will aim to provide income and long-term capital growth from a diversified portfolio of high yield emerging markets equities.
The fund is structured as an open-ended investment company, a UK structure, and benchmarked against the MSCI Emerging Markets Net Index.
©2012 funds europe
