J.P. Morgan Asset Management announced that a share class hedged to the renminbi has now been launched for JPMorgan Japan (Yen) Fund.

Since the launch of the first renminbi-hedged share class in March 2014, this is the sixth fund offered by JPMAM that carries an renminbi share class. Eddy Wong, head of funds business, Hong Kong and China Retail, JPMAM, said, "The demand for renminbi investment solutions among Hong Kong investors is tremendous. We are proud to launch the new renminbi-hedged share class for the JPMorgan Japan (Yen) Fund so as to widen our product spectrum catering for renminbi holders."

The minimum investment amount with the new share class is only 16,000 renminbi and subscriptions can be made through any renminbi bank account.

Nicholas Weindling, fund manager of JPMorgan Japan (Yen) Fund, said, "We believe that several positives are all coming together in Japan at the same time: stable government, a supportive central bank, strong earnings, reasonable valuations and, most importantly, an increased focus on corporate governance from Japanese companies. One interesting area that we currently have high exposure to is the increase in tourists visiting Japan, particularly from China. The launch of renminbi-hedged share class to this fund will allow investors to be exposed to this exciting opportunity with their renminbi holdings."

The fund aims to provide long-term capital growth through investment primarily in Japanese securities and other securities whose performance is linked to the Japanese economy. JPMAM's on the ground presence in Tokyo is a source of sustainable competitive advantage in picking the best available stocks for the fund.