JP Morgan has informed shareholders it intends to liquidate its emerging markets mixed asset fund at the end of next month, Citywire Global has learned.
In a note to investors, the US asset management giant said assets in the fund have fallen below a workable level.
According to the latest Lipper data, the JP Morgan Emerging Markets Multi-Asset fund had $1.89 million in assets at the end of December 2013. The fund reached its peak in September 2012, when it had $8.4 million in assets.
The Luxembourg-domiciled fund was launched for Grant in September 2011. She was supported on the fund by JPM’s Global Multi Asset Group.
The liquidation is set for 26 February with subscriptions and switches into the sub-fund having not been accepted since 12 December 2013.