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NFO Update - JPMorgan Emerging Europe, Middle East And Africa Equity Off-Shore Fund

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The NFO closes on 29 October 2010. It is a Equity Fund of Fund scheme. The underlying fund will invest in companies that have their registered office located in, or derive the predominant part of ...

The NFO closes on 29 October 2010. It is a Equity Fund of Fund scheme. The underlying fund will invest in companies that have their registered office located in, or derive the predominant part of their economic activity from, an emerging market in central, eastern and southern Europe, Middle East or Africa

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    NFO Update - JPMorgan Emerging Europe, Middle East And Africa Equity Off-Shore Fund NFO Update - JPMorgan Emerging Europe, Middle East And Africa Equity Off-Shore Fund Document Transcript

    • New Fund Update: JPMorgan Emerging Europe, Middle East and Africa Equity off-shore Fund Author: iFAST Research Team NFO Period: 18 October 2010 to 29 October 2010 Fund Objective: The primary investment objective of the Scheme is to provide long term capital appreciation by investing in JPMorgan Funds - Emerging Europe, Middle East and Africa Equity Fund, an equity fund which invests primarily in a diversified portfolio of companies incorporated or which have their registered office located in, or derive the predominant part of their economic activity from, an emerging market in central, eastern and southern Europe, Middle East or Africa. Indicative Asset Allocation: Instruments Minimum Exposure Maximum Exposure Units/ shares of JP Morgan Funds – Emerging Europe, 80% 100% Middle East & Africa Equity Fund Money market instruments / or units of liquid schemes 0 20% Fund Managers: Mr. Namdev Chougule Benchmark Index: MSCI EMEA (Total Return Net) Minimum initial investment: Rs. 5,000 and multiples of Re. 1/- thereafter Entry Load: Nil. Exit Load: For redemption within 12 months from the date of allotment - 1%. Cheque Favouring: JPMorgan EEMEA Equity Off-Shore Fund Risk Rating: 8 (The risk rating of ‘8’ means that the fund is recommended for investors with ‘a High risk appetite’)
    • Type of Fund Fund Class Style of Investing Equity Fund Diversified Growth Style Debt Fund Mid & Small Value Style Cap Balanced Fund Both Contra Liquid Fund Speciality Domestic Fund of Funds Sectoral International Fund of Funds What is EEMEA? EEMEA refers to the Emerging Europe, Middle East & Africa region and forms part of the broader Emerging Markets segment. The benchmark MSCI EMEA gives more than 80% weight-age to three geographies i.e. South Africa, Russia and Turkey. Benefit of Investing in EEMEA Fund 1) From a Valuation perspective, Russia and Turkey are among the cheapest emerging markets. Moreover the region is expected to have better earnings growth in coming years and this will be primary driver for returns. 2) The region is rich in Natural Resources; constituting 83% of world’s oil reserves, 85% of the world’s gas reserves and also a major portion of the world’s precious metal resources. 3) Demographically the region has a large young population as a percentage of the total population. This will lead to a creation of a huge working population and consumer base in the years to come. The region also has low cost of labour which will help industries to have better margins and competitive advantage. 4) Globalization will bring regions like Africa and smaller companies across EMEA to the attention of investors which will bring more coverage and flows for the region. 5) Investment in South Africa provides a gateway to invest in sub-saharan Africa which is still relatively unexplored by investors. In addition to that, China is a leading sponsor of
    • infrastructure projects in Africa, also China and Africa are now major trading partners, with bilateral trade expected to reach USD 100bn in 2010. 6) Turkey is expected to have strong consumption spending and offer structural growth on the back of positive economics, strong demographic profiles and deepening of Financial Markets. 7) Investment in EEMEA also provides diversification benefits. In the 8 out of the last 10 years, one or more of the EEMEA countries has outperformed the Indian Markets. Description of Parent/Underlying fund JPMorgan Funds – Emerging Europe, Middle East & Africa Equity Fund The fund was launched on 14 April 1997 and is managed by Oleg Biryulyov and Sonal Pandit. The AUM of the fund as on 31 August 2010 stands at $6.1 billion. Past Performance of the Fund: Fund Performance against benchmark since inception
    • Geographical Exposure of the Fund Conclusion The fund is suitable for investors with a high risk appetite. Aggressive Investors who have above average risk tolerance and have exposure to Diversified Global funds or Emerging Markets fund and looking to invest in other unique geographies and take advantage of expected structural growth in Russia, South Africa, Turkey and the Middle East can look at investing in this fund. The fund would provide investors exposure to unique geographies which are otherwise not available to Indian Investors and region/ countries like Turkey and South Africa which are hardly explored by investors. The fund will mainly focus on three regions which are rich on natural resources, strong demographic as well as have strong consumption and infrastructure demand. The fund also provides diversification benefits to India dominated assets as well as potential to generate better return over years. Investors should look at investing in this fund for a 3 to 5 year time horizon and can allocate 5% of their equity portfolio in this type of fund. Disclaimer This presentation is not to be construed as an offer or solicitation for the subscription, purchase or sale of any mutual fund. No investment decision should be taken without first viewing a fund's Scheme Information Document / Statement of Additional Information. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Past performance and any forecast is not necessarily indicative of the future or likely performance of the fund. The value of units and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. Mutual Fund investments are subject to market risk. You are advised to carefully read the Scheme Information Document / Statement of Additional Information and go through all the risk factors mentioned in the Scheme Information Document / Statement of Additional Information issued by the mutual fund before investing.