Assignment
Read the case study. Then answer the following questions:
1. Briefly describe the money management business of JPM.
2. Identify 3 behavioral biases that JPM hopes to exploit, and how they can be exploited to obtain superior returns?
3. The fund created by JPM to exploit these biases is described on their website.
The ticker symbol for the fund is JIVAX.
The fund was launched in 2005. What has been the return to the fund from Jan 31, 2005 to the current date? (Provide the starting price, ending price and return over the time period.)
What has been the return to the S&P 500 over the same time period? (Provide the starting price, ending price and return over the time period. S&P is an appropriate comparison as it is comprised of mid and large sized firms.)
4. What could be the reasons for the difference is performance for JIVAX and S&P 500? What suggestions would you make for improving the performance of JIVAX?
Format your assignment according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
Attachment:- Case-Study-J-P-Morgan-Fund-Digs-For-Valuein-the-Rough.rar