Kasikorn Asset Management, in partnership with J.P. Morgan Asset Management, Launches Two Global Equity Funds Feeding Into Active ETFs

23 Sep 2024

Kasikorn Asset Management Co., Ltd. (KAsset) announced the launch of two mutual funds for Thai investors: the K Global Equity Premium Income Fund (K-GPINUH) and the K Global Select Equity Fund (K-GSELECT). Both funds feed into J.P. Morgan Asset Management's (JPMAM) actively managed exchange traded funds (ETFs), marking a significant milestone in the two firms' strategic partnership announced earlier this year.

The two new funds aim to provide investors with global equity market exposure to generate potential returns across a variety of market conditions. The K Global Equity Premium Income Fund invests in JPMAM's JPMorgan Global Equity Premium Income Active UCITS ETF (JEPG), which combines active equity investment with options overlay strategy to seek regular and consistent income opportunities and appreciation potential with lower volatility. Meanwhile, the K Global Select Equity Fund invests in JPMorgan Global Select Equity ETF (JGLO), a high conviction strategy that invests primarily in large-cap companies and aims to deliver outperformance in different market conditions. Both JPMAM ETFs are actively managed by experienced investment teams and designed to help investors achieve their financial goals with conviction.

The global assets under management (AUM) for active ETFs has reached approximately US$1 trillion . While only representing 7% of the total ETF AUM globally, active ETFs have attracted 21% of total ETF net flows in the first eight months of 20241. The latest launch of active ETF feeders further solidifies investors' adoption of active ETFs as a simple, transparent and cost efficient way to access global markets.

"Active ETFs combine the benefits of well-established and highly-resourced global research and investment capabilities with the advantages of the ETF wrapper, such as greater transparency, liquidity, and attractive fee", Supreet Bhan, Head of Southeast Asia Funds, J.P. Morgan Asset Management, said, "As one of the world's largest managers of active ETFs , we are excited to introduce our market-leading strategies in a feeder fund format to Thai investors, in partnership with KAsset. With nearly two-thirds of our ETFs actively managed, including the largest active equity and fixed income ETFs globally1, our global presence and diverse strategies allow us to meet clients' growing demand for alternative income sources and attractive return opportunities."

Wajana Wongsupasawat, CFA, Chief Investment Officer, KAsset, said, "Our collaboration with JPMAM allows us to offer Thai investors innovative solutions that address their need for global equity exposure with lower volatility and consistent income. We believe these unique investment strategies will meet the evolving demands of investors. By leveraging JPMAM's expertise, the K Global Equity Premium Income Fund and the K Global Select Equity Fund can provide higher income potential and attractive return opportunities, all while managing risk effectively. This partnership is a testament to our commitment to delivering superior investment opportunities to our clients."

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