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Asia’s dividend opportunities may be as attractive as its growth outlook! Learn more >

Asian growth stocks drive portfolio potential

Which is why JPMorgan Asia Growth Fund invests in companies whose predominant business will benefit from the growth in Asian economies, aiming to provide investors with long-term capital appreciation.

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Why Asian equities?

1

Asia presents attractive growth opportunities

Emerging Asia recorded a 5.6% year-on-year increase in exports in the first quarter of 2017. In addition to improving exports, the region’s economic growth is expected to see support in capital expenditures and income growth. According to the International Monetary Fund, the Asian economy as a whole is currently projected to grow by 5.5% in 2017.

Meanwhile, secular trends including lifestyle upgrades, financial deepening and demographic changes across Asian economies may provide related sectors with abundant growth opportunities.

The emerging Asia saw a revival in exports in the past year
Investment and exports

EM Asia* nominal fixed capital formation & export volumes, y/y %, 3MMA

Source: J.P. Morgan Economic Research, National Statistics Agencies, Netherlands Bureau of Policy Analysis, J.P. Morgan Asset Management.

*EM Asia includes China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.
Guide to the Markets – Asia 3Q 2017. Data reflect most recently available as of 30.06.2017.

2

Asian valuations remain reasonable

Relative to the developed markets, emerging market equities continue to enjoy a valuation advantage after years of underperformance. Currently, Asia ex-Japan valuations still look reasonable with the price-to-book ratio below the long-run average.

MSCI AC Asia Pacific ex Japan Index: trailing price-to-book ratio

Source: FactSet, MSCI, J.P. Morgan Asset Management.
Guide to the Markets – Asia 3Q 2017. Data reflect most recently available as of 30.06.2017.

3

Weaker US Dollar supports Asian equities

Historically, Asian equities tend to outperform developed markets when the US Dollar depreciates. With a retracement in the US Dollar, the backdrop for Asian equities has become more favourable.

Correlation between Asia Pacific ex-Japan equities and the US Dollar
Relative APxJ / DM equity performance and USD REER

Source: FactSet, MSCI, J.P. Morgan Asset Management. Past performance is not indicative of future performance.
All data represent price return in local currency terms with data since January 1997. MSCI AC APxJ is the MSCI All Country Asia Pacific ex-Japan index. DM is represented by the MSCI World index. REER stands for real effective exchange rate.
Guide to the Markets – Asia 3Q 2017. Data reflect most recently available as of 30.06.2017.

Why invest in JPMorgan Asia Growth Fund?

Award-winning fund manager
 

Joanna Kwok, one of the fund managers of the JPMorgan Asia Growth Fund, was named Fund Manager of the Year, Long-Only Equity^ at The Asset Triple A Asset Servicing, Fund Management and Investors Awards 2017 for her outstanding management of various funds.

^Issued by The Asset, 2017 award, reflecting performance of previous calendar year.
There can be no assurance that the professionals currently employed by J.P. Morgan Asset Management (JPMAM) will continue to be employed by JPMAM or that the past performance or success of any such professional serves as an indicator of such professional's future performance or success.

Bottom-up stock selection to identify
investment opportunities

The Fund benefits from comprehensive fundamental research and in-depth local knowledge of around 100 dedicated portfolio managers and analysts across eight countries. Based on multiple inputs from our investment experts and quantitative quality screening, the fund managers seek to select long-term compounders demonstrating quality growth characteristics.

High conviction strategy
 

With the flexibility to invest in companies of all market capitalisation, the fund managers strive to construct a concentrated portfolio comprising a maximum of 60 high conviction stocks with a view to helping investors achieve long-term capital growth.

Who might consider investing in this fund?

Investors seeking:

Exposure to Asia’s secular growth opportunities

Asia expertise to benefit from comprehensive
research and local knowledge

A concentrated portfolio of high
conviction stocks

Exposure to Asia’s secular growth opportunities

Asia expertise to benefit from comprehensive research and local knowledge

A concentrated portfolio of high conviction stocks

Investors should seek professional advice regarding the suitability of any investment products.

+Source of Star Rating: ©2017 Morningstar. All Rights Reserved. Data as of end-July 2017; awarded to (acc) – USD Class.