JPMorgan Asset Management India, has announces the launch of JPMorgan JF Greater China Equity Offshore Fund, an open-ended fund scheme in the domestic market.
 
The primary investment objective of the scheme is to provide long-term capital appreciation by investing in JPMorgan Funds - JF China Equity Fund.

Talking to our correspondent, a company official has informed that JF Greater China Equity Fund is 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 a country in the Greater China region.
 
The scheme will invest 80-100 per cent in units/shares of JPMorgan Funds - JF Greater China Equity Fund and 0-20 per cent in money-market instruments and/or units of l iquid schemes.

The performance will be benchmarked to the MSCI Golden Dragon Index (Total Return Net).

The New Fund Offer (NFO) opened for subscription on July 9 and will close on July 31.