Change to the investment policy of JPMorgan Pacific Securities Fund
We have received notification from J.P.Morgan Asset Management ("JPMorgan") of an amendment to the investment policy of its JPMorgan Pacific Securities Fund (the “Fund”). The change will take effect from 28 April 2023 (the “Effective Date”).
AVAILABLE IN OUR DEFINED FUND RANGE PRODUCTS
The Fund can be found in our defined fund range product Preference.
SUMMARY OF CHANGES
As of the Effective Date, the Fund will be amended such that the Fund's aggregate exposure (direct and indirect) to China A-Shares and B-Shares (including eligible China A-Shares invested via the Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock connect) may not exceed 20% of it's total net asset value. Please refer to the following comparison of the investment policy before and from the Effective Date for details:
| Before the Effective Date | From the Effective Date |
|---|---|
| The Fund may invest up to 10% of its total net asset value in eligible China A-Shares via the Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect. | The Fund’s aggregate exposure (direct and indirect) to China A-Shares and B-Shares (including eligible China A-Shares invested via the Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect) may not exceed 20% of its total net asset value. |
For details of the risks associated with investment in China A-Shares and B-Shares, please refer to the relevant risk factors disclosed in the section “RISKS” in offering documents of the Fund, in particular the risk factors entitled “China market risk”, “Risk associated with foreign shareholding restrictions on China A-Shares”, “Risks associated with China Connect” and “People's Republic of China (”PRC") tax risk consideration".
AVAILABLE IN OUR OPEN-ARCHITECTURE PRODUCTS
For more information on the changes, please refer to the official shareholder notification from JPMorgan opposite.
For more information regarding JPMorgan funds visit: www.jpmorganassetmanagement.lu