JPM EMERGING MARKETS INFRASTRUCTURE A - Fund overview
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Overview of
JPM EMERGING MARKETS INFRASTRUCTURE A
The fund invests solely in emerging markets infrastructure which distinguishes it from most other infrastructure funds. It seeks to achieve long-term capital growth relative to it's benchmark the MSCI Emerging Market infrastructure which exists solely for this fund.
The fund invests in infrastructure companies rather than purchasing the underlying assets themselves which is the traditional method of seeking exposure to this market. Purchasing the individual shares is likely to lead to greater volatility.
Standard Initial Charge
4.25% 0.00%
Invest via Bestinvest
to save 4.25%
Fund summary
| Sector |
Global Emerging Markets
|
| Product type |
OEIC
|
| Launched |
September, 2008
|
| Size |
£31m
|
| Yield |
0.7%
|
| Charging basis |
–
|
| Dividends paid |
–
|
| Bid price(inc) |
65.25p |
| Bid price(acc) |
66.34p |
Fund Charges
|
Standard Initial charge
|
4.25%
|
|
Initial charge via Bestinvest
|
0.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.75%
|
|
Total expense ratio
|
1.93%
|
|
Reduction in yield (10yr)
|
1.93%
|
Bestinvest says
No information available.
Portfolio
| Allocation |
Proportion |
|
|
Equity |
95%
|
|
High yield bonds |
–
|
|
Quality bonds |
0%
|
|
Property |
–
|
|
Commodities |
–
|
|
Hedge |
–
|
|
Fund cash |
5%
|
|
Allocation
|
Proportion
|
|
|
|
|
UK
|
2%
|
|
|
Europe
|
1%
|
|
|
Nth America
|
3%
|
|
|
Japan
|
0%
|
|
|
Pacific
|
34%
|
|
|
Other Equity
|
60%
|
|
Allocation
|
Proportion
|
|
|
|
|
Large Caps
|
80%
|
|
|
Mid Caps
|
15%
|
|
|
Small Caps
|
5%
|
View all performance data for JPM EMERGING MARKETS INFRASTRUCTURE A
Investment process
The fundamental belief driving this fund is that continued expansion of emerging market infrastructure will lead to a $21bn market by 2018 with LEDC's electricity consumption overtaking that of OECD's by 2030. Both will be driven by increasing urbanisation. JPM believe that by identifying value stock they can therefore generate significant returns.
The mandate of the fund is to search for value investments where 'price' does not match earning growth expectations. The investment universe consists of 600 companies which is reduced by ranking stocks that pass the initial quantitative process within its sector and country.
The areas of relevant investment opportunties include Latin America, Emerging Europe, the Middle East, Africa and Emerging Asia. The JPM team are based in New York, Buenos Aires, London, Moscow, Mumbai, Shanghai, Seoul, Taipei, Hong Kong and Singapore. The fund manager benefits from a 52 strong team which utilising JPM's global reach and thus allows the such a diverse number of areas to be fully covered.