JP Morgan Asset Management has decided to launch a Japan Market Neutral (UCITS) Fund, based on the Nippon Neutral Strategy, PARA_BREAK_SENTINEL_9f8e7d6c

JP Morgan Asset Management has decided to launch a Japan Market Neutral (UCITS) Fund, based on the Nippon Neutral Strategy, which has been running for 17 years. The Lux-domiciled UCITS will aim to replicate the Nippon fund, which has low correlation to other asset classes and hedge funds, and apply a bottom-up fundamental approach using stock valuation to identify price arbitrage opportunities and establish positions. The fund will be managed by Kaori Tsujino, who was quoted as saying: “We identify such opportunities by comparing long term earnings forecasts for Japanese companies against current share prices.” It will be yen-denominated, with Euro, Swiss franc, Swedish krona, US dollar and sterling share classes available to investors. Net zero sector and market exposure will apply, but the fund has the flexibility to increase or decrease gross exposure to each sector, as and when necessary. The fund’s benchmark will be LIBOR JPY Spot Next.