Company JP Morgan Asset Management has allocated 104 million pounds for new targeted investments that will be the first time invested exclusively in emerging markets. Investing in global emerging markets will begin on Thursday and will be the most largest initial public offering from the company, which includes 22 investment companies. JP Morgan started another tranche of investment from the company focused on Brazil at the beginning of this year, but the sum of 50 million pounds. JPMorgan said it had started for global emerging market funds in response to investor demand for income from outside the UK, traders, brokers, private clients and private individuals, a shareholder in the new company. Fund houses are increasingly looking overseas dividend, marking a shift from traditional UK equity income fund, many investors still use the UK as a major source dividends.
But fund managers were trying to diversify their currency in the UK. Disappearance of some banks and, more recently, the oil giant BP from the FTSE 100 dividend payers in the upper left many portfolios of UK focus on a few stocks. Until now, mutual funds rarely invest in emerging markets to generate income. Although the Fund JPMorgan is the first look at the developing income markets, there are three other investment companies that derive their income solely from Asia.