JP Morgan Asset Management to close eight funds

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JP Morgan Asset Management is to liquidate eight Luxembourg-domiciled Sicavs as part of a “comprehensive review” of the firm’s entire fund range.

The funds will all be liquidated on 30 August 2013 and shareholders have already been notified.

Those to be closed are the Global Agriculture fund, Global Infrastructure Trends fund, Global Mining fund, Japan Small Cap fund, Pacific Technology fund, UK Equity fund, Japan Behavioural Finance Equity fund and the JP Morgan Series II fund.

These closures follow the merger of the firm’s UK Equity fund into the Strategic Growth fund and the Emerging Market Infrastructure fund with the Emerging Markets fund, while the Oeic versions of the Global Mining fund and Balanced Total Return fund are set to close on 12 August 2013.

In a statement, JPMAM says: “These liquidations were identified as part of a comprehensive, strategic review of the overall JP Morgan Asset Management fund range, with the aim of simplifying and improving the offering, ensuring that shareholders have access to a broadly diversified and innovative product range.”