Launches & Closures

JP Morgan launches UCITS version of Japan market neutral strategy

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JP Morgan Asset Management has launched a Luxembourg-domiciled UCITS-compliant version of its existing Japan market neutral strategy.

The JP Morgan Japan Market Neutral Fund will utilise the same strategy as its existing Nippon market neutral fund, which has earned a 7.4% annualised absolute return over five years, according to a statement from the asset manager.

The fund aims to achieve an absolute positive return in excess of cash and generate the return purely through bottom-up stock selections based on valuations. It seeks to take long positions on undervalued stocks and short positions on overvalued stocks that the investment team