The fund seeks to deliver diversified income by investing across financial instruments, countries and sectors in Asia, including Singapore, the fund aims to deliver diversified income opportunities. In addition to capturing stock dividends, the Fund employs a disciplined options overlay on an underlying equity income portfolio to generate additional income.
JP Morgan Asset Management (JPMAM) has received regulatory approval to launch its JPMorgan Singapore & Asia Equity Income Fund under the Monetary Authority of Singapore (MAS) Equity Market Development Programme (EQDP). JPMAM is one of the three asset managers chosen in the first tranche and thus far one of nine total asset managers selected to receive a portion of the $5 billion EQDP fund.
With a balanced allocation of 50% to Singapore equities – spanning large, mid, and small cap stocks – and 50% to Asia ex-Japan equities, the fund is designed to harness the full advantage of these equity markets. Its innovative income approach, combining a portfolio which has a meaningful focus on income-oriented stocks with an options overlay, is a key differentiator among diverse EQDP offerings.
