Portfolio Pulse: Future Transition Multi-Asset Fund
Eyes on the future with an innovative asset allocation strategy
Aug 2023 (3-minute read)
Positioning for peak rates with bonds
As we head towards the end of the Federal Reserve’s (Fed) rate-hike cycle, history provides two useful lessons.
Historically, bonds typically outperform 3-month US Treasury Bills1 in flat and falling interest rate environments. 3-month US Treasury Bills are often used as a proxy for cash, due to its very short duration and low default risk by the US government.
Lesson 1: Be mindful of reinvestment risk as interest rates peak
Lesson 2: Duration2 shines as interest rates peak and growth stalls
Review, revise and reoptimise
Staying short on duration may have worked well amid the fastest rate hike cycle in 40 years. Yet, in the face of its looming conclusion and potentially higher reinvestment risk, this strategy could prove less useful. As we enter the next phase of the policy cycle, duration could present opportunities not just for income, but capital appreciation should rates fall.
As we arrive at the end of the rate hike cycle, it is important for investors, based on their investment objectives and risk appetite, to review and revise their fixed income exposure to reoptimise portfolios to make the most of evolving economic conditions.
Crafting portfolios with quality bonds
JPMorgan Global Bond Fund
JPMorgan Asian Total Return Bond Fund
Investment ideas on quality bonds
Eyes on the future with an innovative asset allocation strategy
Capturing dividend opportunities across Asia
With yields hovering close to decade highs across many fixed income sectors, investors are presented with a “menu of options”. Still, selectivity matters as recession risks loom.
A pulse check on our Asian bond portfolio
After a difficult year for bonds, we explain why fixed income could once again prove to be a useful diversifier for portfolios.
We share our views on Asian bonds and how we position in 2H 2023.
We explain why investors should pay greater attention to quality bonds.
We share insights on the Japanese equity strategy while riding on cyclical and structural tailwinds.
ASEAN, China and the broader Asia ex-Japan region present ample opportunities for long-term growth.
Here is a chart indicating IG bond opportunities as US Treasury yields stay elevated.
A quick look at how the Fund is positioned as recession risks loom and financial conditions tighten.
A quick take on our strategy in investing Asian income assets amid global economic slowdown and China’s reopening.
We highlight the impact of China’s reopening on Asia equities and the key secular trends driving long-term growth in the region.
Flexibility is at the heart of our approach to fixed income markets.
Income investing can help tap investment opportunities while managing volatility through cash flows from a diversified portfolio of income generating assets.
We share the key themes driving equities as China reopens.
We share the key themes that are driving equity investment opportunities in ASEAN.
Rising government bond yields have presented more room to manage the impact of rate hikes. How big is this leeway?
We share our views on the fixed income opportunities in the current tough times.
Income investing remains relevant in the current market environment, as volatility is poised to remain elevated.
We believe that quality and yield opportunities can still be found in bonds.
We share a 2H 2022 market outlook on the key themes in China equity investing.
We discuss five megatrends related to climate change and the investment implications.
How technology is advancing the process of diagnosis – listening, observing, enquiring and examining – while presenting market opportunities.
Learn about how sustainable infrastructure helps drive the development of metaverse and electric vehicles.
We share a perspective on sustainable and traditional infrastructure.
Digital education helps enhance the learning experience, driving new growth opportunities.
We discuss how urbanisation is driving opportunities in the infrastructure space.
Harnessing innovative digital and communications technologies for new economic growth opportunities.
We share our perspectives on positioning for income as rates rise.
Increasing demand for healthcare services globally is presenting growth opportunities.
Going beyond the traditional fixed income sectors to tap into the potential of securitisation.
Fixed income isn’t just government or corporate bonds, it also includes non-traditional debt securities.
The securitisation market has regained much ground in the past decade.
Diversification sounds easy, but how to do it effectively?
The development of autonomous cars creates new investment opportunities.
Feel free to call our InvestorLine or email us if you would like further information about our Funds or J.P. Morgan DIRECT Investment Platform services: