JPMorgan US Value Equity Off-shore Fund - JP Morgan Asset ...

What do we find interesting in the Value space?• Financials– We believe earnings are depressed by historically low interest rates. As both loan and securities yields increase in amore normal environment there should be a dramatic improvement in the profits of most banks, insurers and assetmanagement companies• Traditional retail / commercial banking: Wells Fargo• Undervalued insurers: Travelers• Asset managers / trust banks: Ameriprise Financial• Consumer Discretionary– Particular emphasis on specialty retailers which have a US focus on expectations of stronger US economic growth• Auto resurgence: AutoZone• Home building boom: Home Depot• Discount retailers: Kohl’sThe stocks mentioned above are meant for illustration purposes only and should not be construed as stock recommendation. They may or may not necessarily form part of the portfolios of any fundsof JPMorgan Mutual Fund. Also, the same should not be construed as an investment advice.Source: J.P. Morgan Asset Management24