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June 17, 2013 /PRNewswire/ -- J.P. Morgan Asset Management's U.S. money market funds will begin disclosing their levels of daily and weekly liquid assets online each business day as of the prior business day, effective
June 18, 2013. The information will provide investors with greater transparency, but there will be no change to the operation of the funds.
This liquidity disclosure is in addition to the money market funds' current practice of disclosing daily market-based net asset values (NAVs) per share, announced by J.P. Morgan Asset Management on
January 9, 2013. The information can be found on the web at
"Providing investors with timely and easy access to daily and weekly liquidity information about money market funds helps investors develop a better understanding of how market movements impact liquidity fluctuations," said
John Donohue, Chief Investment Officer, J.P. Morgan Asset Management Global Liquidity. "This will allow investors to make more informed decisions about their investments."
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
$1.5 trillion (as of 03/31/2013), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. J.P. Morgan Global Liquidity offers clients money market and liquidity products over a diverse array of currencies, strategies and jurisdictions.
JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of approximately
$2.1 trillion and operations in more than
60 countries. Information about JPMorgan Chase & Co. is available at
Contact JPMorgan Distribution Services at 1-800-480-4111 for a fund prospectus. You can also visit us at www.jpmorganfunds.com. Investors should carefully consider the investment objectives and risks as well as charges and expenses of the mutual fund before investing. The prospectus contains this and other information about the mutual fund. Read the prospectus carefully before investing.An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund.
J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.