JPMorgan Fund With 100% One-Year Gain Focuses on Asia Tech IPOs
- Fund manager sees ‘multi-year winners’ in Asia IPOs this year
- Largest holding Dada Nexus is up 178% since listing last June
Photographer: Andrew Harrer/Bloomberg
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A JP Morgan Asset Management fund that has more than doubled in the past year is making the booming initial public offering market for Asia’s technology companies its top investment priority in 2021.
Oliver Cox, who manages the JPMorgan Pacific Technology Fund, sees listings of Asian technology companies this year providing an opportunity for early investment in the “multi-year winners of the future.” His team is closely watching potential deals including JD Logistics Inc. and ByteDance Ltd.’s short-video app Douyin in Hong Kong, and Flipkart Online Services in India.