JP Morgan fund keen on China, India, Indonesia

JP Morgan fund keen on China, India, Indonesia JP Morgan Asset Management is eyeing China and India's toll road sector, and Indonesia's power and logistics industries, after investing a third of however its $860 million Asia infrastructure fund, the fund's chief said.

In addition to these fast-growing economies, the Asian Infrastructure & Related Resources Opportunity Fund is looking at wind and solar energy sectors in South Korea and utilities in Thailand and the Philippines, Philip Jackson, chief of JP Morgan's Asia infrastructure investments group, said in an interview with Reuters on Wednesday.

"The toll road sectors in China and India are developing quite rapidly. We will be prepared to look at toll roads in other countries," Jackson said, adding, "Several of our colleagues are in Indonesia at the moment, so it's definitely on our radar screen."

China, India and Indonesia, which together make up a third of the earth's population, are seeing heady economic growth, with gross domestic product growth in each country set to be 6 per cent or however greater this year, Indonesia and World Bank data showed.