Two further JPMAM funds added to Selestia

J.P. Morgan Asset Management has now added the JPM Highbridge Statistical Market Neutral Fund and the JPM Income Opportunities Fund to Skandia's Selestia Investment Solutions platform as of 17th July 2009. This now gives investors access to a total of 27 J.P. Morgan Asset Management funds with which to enhance their portfolios via the platform.

The JPM Highbridge Statistical Market Neutral Fund uses a statistical arbitrage strategy and has a proven track record of providing consistent returns in diverse market environments having delivered an annual return in 2008 of +10.03% (+5.33% since inception).

Newly available to investors via Skandia's Selestia Investment Solutions platform, this fund remains a compelling investment by providing investors with the potential for absolute returns in volatile markets.

The JPM Income Opportunity Fund offers investors access to an innovative, unconstrained fixed income strategy that is focused on investing only where the best opportunities lie in global fixed income markets. The goal is to outperform cash by the largest margin possible over the market cycle.

Mike Parsons, Head of UK Retail Distributor Sales at J.P. Morgan Asset Management commented: "We are delighted to be offering both funds through Skandia's platform, one of our key partners. Markets have remained volatile over the shorter term and this creates a favourable environment, particularly, for the strategy that underpins the JPM Highbridge Statistical Market Neutral Fund. Investors' tolerance for risk has not fully returned and there still exists a vast demand for low volatility, low correlation, absolute return funds in the market. That is exactly what this fund offers making it an ideal holding for those seeking to enhance their investment and retirement portfolios. In addition, past research by J.P. Morgan Asset Management has indicated that nine out of ten IFAs have clients who would find a cash benchmarked fund easier to understand than a fund benchmarked against equities*. This fund delivers on all levels."

Graham Bentley, Head of Investment Marketing at Skandia said: "Appetite for low volatility funds remains strong in the current climate and we anticipate absolute return funds will continue to be a popular choice for many advisers. The addition of the JPM Highbridge Statistical Market Neutral Fund and the JPM Income Opportunity Fund to Skandia's Selestia Investment Solutions range shows our commitment to giving advisers and their clients' access to a diverse range of investment opportunities from some of the world's best fund managers."