Fund Report

May 2018 Buy Now

JPMorgan Asia Growth Fund

Unit Trust Range
Asset Management Company of the Year - Asia3)
  • The Fund invests at least 70% in equity securities of companies whose predominant business will benefit from, or is related to, the growth in Asian economies. The Fund will have limited RMB denominated underlying investments.
  • The Fund is therefore exposed to emerging markets, Asian market, currency, liquidity, equity, hedging and class currency risks. For RMB hedged class, risks associated with the RMB currency and currency hedged classes risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. The Manager may, under extreme market conditions when there is not sufficient RMB for currency conversion and with the approval of the Trustee, pay redemption monies and/or distributions in USD.
  • Investors may be subject to substantial losses.
  • Investors should not solely rely on this document to make any investment decision.

Investment objective

To provide investors with long-term capital appreciation by investing at least 70% of its non-cash assets in equity securities of companies whose predominant business will benefit from, or is related to, the growth in Asian economies.
Daily prices - NAV (US$) ((acc) - USD Class)

 (acc) - USD Class
Fund manager Joanna Kwok/Mark Davids, Hong Kong
Total fund size (m) USD 331.9
Denominated currency and NAV per unit:
(acc) - USD Class
(acc) - RMB (hedged) Class
(acc) - HKD Class

USD 16.28
CNY 17.43
HKD 10.35
12 month NAV: High
USD 17.68 (26.01.18)
USD 12.75 (05.05.17)
Current charge: Initial
Management fee
5.0% of NAV
1.5% p.a.
SEDOL code B1XDC06
ISIN code HK0000038148
Bloomberg code JFASDOM HK
3 years 5 years Since launch2)
Correlation - - -
Alpha % - - -
Beta - - -
Annualised volatility % 15.97 14.36 23.18
Sharpe ratio 0.64 0.63 0.16
Annualised tracking error % - - -
Average annual return % 11.01 9.63 4.54
Fund Category

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For more information, please contact your bank, investment adviser or call us directly. Tel: (852) 2265 1188

#Effective 7 April 2016, JPMorgan Asia Growth Fund was restructured. Key changes include fund name, investment objectives and investment universe. Performance prior to 7 April 2016 was achieved under circumstances that no longer apply. Please refer to the offering document for details. Unless stated otherwise, all information as at the last valuation date of the previous month. Source: J.P. Morgan Asset Management/Thomson Reuters Datastream (NAV to NAV in denominated currency with income reinvested). Due to SFC regulations, no performance data will be published for funds which are less than six months old. Source of ratings: Morningstar, Inc., Analyst Rating - Bronze awarded to (acc) - USD Class and (acc) - HKD Class; Star Rating awarded to (acc) - USD Class. Risk ratings (if any) are based on J.P. Morgan Asset Management's assessment of relative risk by asset class and historical volatility of the fund where applicable. The risk ratings are reviewed annually or as appropriate and for reference only. Any overweight in any investment holding exceeding the limit set out in the Investment Restrictions was due to market movements and will be rectified shortly. Top ten holdings is available upon request. *Since launch to end of year for fund classes incepted in that year. It should be noted that due to the difference of the fund domiciles the valuation points used by Unit Trust range and SICAV range of funds for fair valuation (where applied) may vary. For details please refer to the respective offering document(s). The RMB Hedged Class is not recommended for investors whose base currency of investment is not in the aforesaid currencies. 1)Dividends reinvested after deduction of withholding tax. 2)With the exception of the "Average annual return" figure, all data are calculated from the month end after inception. 3)Issued by The Asset, 2017 award, reflecting performance of previous calendar year.

The investment returns are calculated in denominated currency. For funds/classes denominated in foreign currencies, US/HK dollar-based investors are therefore exposed to fluctuations in the currency exchange rate. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document(s) for details, including the risk factors. This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.

For funds with different share classes, please refer to "Daily Fund Prices" or "Historical Prices" page for information on other share classes.

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