The JPMorgan Masters Selection Series 2 Target Redemption Strategic Asset Securities (Masters Stratas) fund has an early redemption feature. If the return of the underlying basket is above 20% after a year, then investors will receive the capital and the additional return which is uncapped. After the first year, the capital will be redeemed once the portfolio value grows to 120%.
The fund is based on JP Morgan’s previous offering which was launched back in May this year for the mass retail ma
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