EUROPE - Investment house JPMorgan Fleming Asset Management has received permission from the German and Austrian authorities to sell five of its investment funds in the regions.
The funds are FF-Greater China Fund which invests in equities in China, Taiwan and Hong Kong; FF-Hong Kong Fund invests in equities from companies that have a substantial share in Hong Kong, on a long-term basis; FF-Singapore Fund, which invests mostly in the sector; FF-Taiwan Fund which focuses around 80 % of investments in the electrical engineering sector; and FF-Pacific Balanced Fund which invests about 20% in US-Dollar denominated bonds, 16% in Japan and 13.7% in Australia.
*The FF-Global Convertible Bond Fund A from JP Morgan Fleming Asset Management - launched on the 4.05.2001 - is also set to receive approval in Germany. The fund invests world-wide in convertible bonds and warrants. Investment in fixed interest bearing securities or equities is possible.
By Madhu Kalia
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