JPMorgan Asset Management has lifted its five-year soft-close measures on its flagship Emerging Market Equity Fund, following a significant drop in assets, sources confirm.
The fund, which was initially closed to new investments in May 2020 after reaching nearly $8 billion in assets under management, has seen its asset base decline steadily. As of the latest company filings, assets now stand at $3.4 billion (€3.08 billion). This decrease has prompted the firm to reopen the fund to new investments.
In 2020, JPMorgan implemented soft-close measures to limit inflows after the fund’s assets surged from $6.84 billion to $7.79 billion in just two months, between March and May. At the time, the firm cited concerns about maintaining the integrity of its investment strategy, emphasizing that controlling inflows was crucial to safeguarding the fund’s performance and its overall investment philosophy.
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