MOSCOW. Sept 4 (Interfax) - JP Morgan Asset Management has invested in Russian online retailer Lamoda and acquired an equity stake in the company, the retailer said in a statement.

The stake was acquired through a German holding company, Lamoda said. The amount of investment and size of the stake were not disclosed.

The Lamoda online store, launched 18 months ago, now has a selection of 500,000 items of clothing, footwear and accessories from 700 brands. The store was launched with the support of Rocket Internet, a European incubator for Internet startups, and is managed by the project's four founders: Dominik Picker, Florian Jansen, Burkhard Binder and Niels Tonsen.

"The investment underlines our leading position in one of the world's fastest growing markets," Tonsen said in the statement. "It will allow us to further expand our product and brand portfolio as well as our presence in other emerging markets such as Ukraine, Kazakhstan, Azerbaijan and Belarus. We will continue to streamline our fulfilment and delivery processes and to enhance the online shipping experience for our customers," he said.

"We believe Lamoda is in an excellent position to capture the rapid growth of Russia and its adjacent markets. Our investment will help the company expand its operational capabilities and customer service resources," JP Morgan Asset Management portfolio manager Robert Cousin said.

JP Morgan Asset Management controls $2 trillion in assets and has $1.3 trillion in assets under management (as of June 30, 2012). JP Morgan Asset Management's parent company is JP Morgan Chase C