JPMorgan to Liquidate $454 Million Emerging Markets Debt Fund
An office worker enters the JPMorgan Chase & Co. headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
JPMorgan Chase & Co. is shutting an emerging-markets bond fund that tumbled about 6% since Russia invaded Ukraine.
The JPMorgan Emerging Markets Strategic Debt Fund will be liquidated at the end of April, the New York-based bank said Thursday in a regulatory filing. The fund, which debuted almost a decade ago, had $454.4 million of assets as of Wednesday.