JPMAM launches EM Infrastructure Equity fund

The fund, managed by Leon Eidelman, is designed to benefit from companies at the forefront of the infrastructure boom. The group says infrastructure spending in emerging markets is projected to reach $21.7 trn over the next decade as urbanisation and globalisation create demand for improved services and support networks. JPMAM's 80-120 stock portfolio will invest across seven sectors: energy, materials, capital goods, transportation, real estate, telecommunication services and utilities. It will employ a bottom-up structured quantitative process to identify market leaders and will ben...