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CFS taps JPMAM for emerging markets and global shares strategies

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By Georgie Preston
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5 minute read

Colonial First State (CFS) has expanded its partnership with JP Morgan Asset Management (JPMAM), selecting the firm to manage allocations within its global and emerging markets options.

The global asset manager, with US$3.8 trillion under management, has secured mandates for CFS’ Emerging Markets and Global Shares strategies.

Both multi-manager, single-sector funds are overseen by specialist portfolio managers who are chosen through a rigorous due-diligence process evaluating performance capability, investment process and risk-management discipline.

Commenting on the announcement, chief investment officer at CFS, Jonathan Armitage, said the decision reflects JPMAM’s “depth of research capability and disciplined investment approach”.

 
 

“Their strategies provide access to high-conviction stock ideas supported by extensive on-the-ground insights and a robust global research platform,” Armitage said, adding that the move aligns with the firm’s commitment to delivering risk-aware outcomes for members.

JPMAM’s global and emerging market strategies cover over 2,500 stocks, with a focus on long-term fundamentals.

Andrew Creber, Australia and New Zealand CEO at JPMAM, said the team at JPMAM was “delighted” to be selected. He said the asset manager remains confident in its core investment strategy, with stock-level decisions being the primary driver of alpha generation.

“The depth and breadth of our research team is our key differentiator as a leading global active manager and we are proud to see our active equities platform grow to be a multibillion dollar business through the support of our Australian clients,” Creber said.

As reported by InvestorDaily’s sister brand, Money Management, CFS recently partnered with JPMAM’s Private Equity Group (PEG) to make its initial private equity allocation. PEG, which manages US$35 billion for its global clients, was brought in to invest in secondaries and co-investments on behalf of CFS.

Creber concluded that this new step reflects the continued growth of that relationship.

“All of us at JPMAM are excited by the opportunity to further extend our partnership with CFS,” he said.