LU2471279419

JPM ASEAN Equity Fund(LU2471279419)

Equities
Asia
SGD Cash, CPF OA
Accumulating

Invest with

SGD Cash, CPF OA

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seek to provide long-term capital growth by investing primarily in companies of countries which are members of the Association of South East Asian Nations (ASEAN).

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Provides investors exposure to a portfolio of high quality Southeast Asian companies through fundamental bottom-up stock selection and active portfolio management.

People

Managed by an experienced team of five country specialists with an average 18 years of industry experience and supported by the broader Asia and EM team of analysts.

Performance

Strong long-term track record, consistently beating both the benchmark and peers since inception with good upside and downside capture.Fund is expected to outperform when there is a steady macro environment with breadth in the market and underperform when there is an outperformance in Malaysian Equities due to a structural underweight in Malaysia.

Process

Leverages comprehensive research and local knowledge from the dedicated ASEAN country specialists to build conviction in bottom-up stock ideas. The team will also consider macro views in the process of building conviction around stock and country exposure.Resulting portfolio is a relatively concentrated, high conviction portfolio investing in quality long term compounders, domestic champions and medium-term cyclical opportunities across the market cap spectrum.

Cost

Endowus offers retail share class with 100% trailer fee rebate to achieve lower cost of access.

How it fits in a portfolio

Investors looking for exposure to high quality companies in South East Asia can consider an allocation to the Fund. The Fund is one of the best performing funds in its peer group and is managed by a team of five country specialists with a proven track record of outperformance.At the same time, investors should be mindful that the Fund focuses only on a specific region and has specific tilts towards the growth and quality styles. Therefore, there can be periods of heightened volatility and underperformance when the market environment is not favourable for the Fund.Investors should ensure that they construct their portfolios in a diversified manner and avoid concentration risks.Updated as of 2023/05/22

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

17.90%

YTD

-1.34%

1 month

-6.72%

6 month

1.55%

1 year

8.26%

3 year

15.82%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-9.92%As of Mar 2026

Volatility

9.73%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	2.5%	3.2%	-6.7%	-	-	-	-	-	-	-	-	-
2025	6.3%	-0.2%	-4.2%	1.3%	-0.5%	3.4%	-2.1%	3.1%	2.7%	-0.1%	2.7%	-1.0%	1.3%
2024	15.9%	-1.4%	2.6%	1.9%	-0.7%	-1.0%	1.9%	2.1%	4.6%	5.0%	-1.4%	1.6%	-0.1%
2023	-	2.8%	-3.4%	2.5%	0.7%	-3.3%	-0.3%	4.0%	-2.8%	-2.7%	-4.7%	0.0%	4.8%
2022	-	-	-	-	-	-	-	-	-	-	-	-	0.0%

Top Exposures

Holdings

Regions

Sectors

DBS Group Holdings Ltd	9.23%
Oversea-Chinese Banking Corp Ltd	8.47%
Sea Ltd ADR	5.58%
Singapore Telecommunications Ltd	4.14%
Malayan Banking Bhd	4.10%
PT Bank Central Asia Tbk	3.66%
Delta Electronics (Thailand) PCL	3.57%
Keppel Ltd	2.66%
Ptt PCL	2.60%
PT Bank Rakyat Indonesia (Persero) Tbk Registered Shs Series -B-	2.58%
PT Telkom Indonesia (Persero) Tbk Registered Shs Series -B-	2.56%
United Overseas Bank Ltd	2.53%
International Container Terminal Services Inc	2.51%
CIMB Group Holdings Bhd	2.45%
Singapore Technologies Engineering Ltd	2.44%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.75%1.00% p.a.

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Fund facts

ISIN

LU2471279419

Fund house

JP Morgan

Fund size

S$751M

As of 15 Apr 2026

Fund inception date

19 Dec 2022

Fund class currency

SGD

Fund share class

CPF

Oldest share class ISIN

LU0441851309

Oldest share inception date

04 Sep 2009

Pricing frequency

Daily

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