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JP Morgan launches investment funds in Hungary

Financial services firm JP Morgan has started making its investment funds available in Hungary, JP Morgan Assets Managemenet sales director for Central and Eastern Europe George Juscsak said on Thursday at a roundtable talk organised by Citibank.

Mr Jucsak said 49 of JP Morgan’s more than 160 investment funds have already been registered and another 15 are expected to be registered within a week. The launch of the funds in Hungary is the result of a year of preparation, he added.

For the time being, units of the funds will be available for purchase only at Citibank. They may be purchased either in euros or dollars.