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    1. JPMorgan Global Research Enhanced Index Equity Fund

    The hunt for low risk alpha in a high risk world

    JPMorgan Global Research Enhanced Index Equity Fund is a global equity solution striving to deliver positive alpha at low active risk with attractive fees.

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    Combining active and passive


    Passive management has its advantages…

    Passive management is often seen as an economical way to get market exposure. The clear advantage is that it presents the opportunity to enjoy diversification1 derived from investing in a pool of assets by resembling holdings of a benchmark. Nonetheless, indexing also inherently translates into an inability to deliver any return beyond the benchmark.

    …combining active and passive could be even better

    What if there was a way to potentially outperform the benchmark after fees, and to achieve this with a risk profile very similar to the benchmark?




    Why an enhanced indexing approach?

    The chart on the right compares efficient frontiers2 using solely index returns for both stocks and bonds (shown in blue) and the corresponding efficient frontiers when JPMorgan Global Research Enhanced Index Equity Fund (GREI) substituted for their respective index funds (shown in orange). 

    In each instance, the inclusion of GREI over the respective index funds raises the aggregate return with relatively smaller corresponding increase in the aggregate risk. We believe this presents an attractive risk-adjusted return opportunity.

    Raising the efficient frontier with GREI versus passive equity indexes3

    1. Diversification does not guarantee investment return and does not eliminate the risk of loss.
    2. An efficient frontier for a portfolio of assets defines the optimal return of the portfolio for a given amount of risk, using the volatility of returns of hypothetical portfolios as the measure of risk.
    3. Source: J. P. Morgan Asset Management, Bloomberg. Data from October 2003 to November 2020. Performance data for JPMorgan Global Research Enhanced Index Equity Fund (Global REI) is based on the Global ACWI REI Composite in USD gross of fees. Global bond returns are based on Bloomberg Barclays Global Aggregate Total Return Index. MSCI ACWI refers to the MSCI All Country World Index. Indices may not include fees or operating expenses and are not available for actual investment. Past performance is not a reliable indicator of current and future results.


    Why JPMorgan Global Research Enhanced Index Equity Fund?

    The JPMorgan Global Research Enhanced Index Equity Fund (GREI) is a global equity solution with attractive fees, aiming to maximise risk-adjusted returns through active, bottom-up stock selection4.

    The Fund strives4 to deliver positive alpha at low active risk by optimising the stock-specific ideas of our team of about 80 fundamental research analysts5. It is part of the global REI strategies J.P. Morgan Asset Management has been managing in the past 30-plus years by exploiting stock specific insights on a risk and transaction cost aware basis.

    KEY FEATURES RESEARCH IS KEY ESG FRAMEWORK
    KEY FEATURES

    ACING YOUR PORTFOLIO

    icon_alpha generation

    ALPHA
    GENERATION


    optimised by leveraging
    a time-tested approach

     

    icon_active stock selection

    ACTIVE
    STOCK SELECTION5


    covering
    2,500+ stocks

     

    icon_attractive_fees

    ATTRACTIVE
    FEES


    with a risk profile
    closely resembling an index

     

    icon_highly_rated_portfolio

    A HIGHLY RATED
    PORTFOLIO


    with recognitions
    from the industry

     

    Read more

    4. The stated target returns are the investment manager’s objectives only. The objectives are gross of fees. There is no guarantee that these objectives will be met.
    5. Source: J.P. Morgan Asset Management, data as of 31.05.2021. For illustrative purposes only.
    6. Source: J.P. Morgan Asset Management, as at 30.06.2021. Refers to performance of unhedged share class of JPMorgan Global Research Enhanced Index Equity Fund. Net of fees performance is calculated on Bid – Bid with gross income reinvested, i.e. net of ongoing fees and expenses. Past performance is not indicative of future results and performance.
    7. Source: J.P. Morgan Asset Management, as at 31.05.2021. Management costs are comprised of a management fee, expense recoveries and indirect costs. The figures in the above table are based on indirect costs incurred by the Fund in the financial year ending 30.06.2020, including the Responsible Entity's reasonable estimates where information was not available as at the date of the Product Disclosure Statement. As these indirect costs are calculated on the basis of indirect costs paid in the financial year ended 30.06.2020, the actual cost may differ from the amount set out above. A portion of the indirect costs are costs incurred in respect of over-the-counter (“OTC”) derivatives used by the Underlying Sub-Fund and this cost is not capped. Indirect costs are deducted from the Underlying Sub-Fund's assets. They are reflected in the Unit price of the Fund and are not an additional cost to you.
    8. The rating issued in March 2021 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2020 Lonsec. All rights reserved.
    9. The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned November 2020 referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines.  

    RESEARCH IS KEY

    RESEARCH IS AT THE CORE OF EVERYTHING WE DO

    Stock selection is one of the key drivers of excess returns. Leveraging fundamental insights of about 805 equity analysts globally, we translate this advantage into a robust valuation model, which further contributes to a portfolio that maximises our convictions.

    Uncompensated risk is managed using a portfolio construction framework which limits stock-specific, sector, region, style and country risks as well as trading costs.


    • About 80 fundamental research analysts5 globally

    • 2,500+ securities names5 covered

    • Analysts forecast normalised and sustainable earnings

    • Proprietary earnings and cash flow estimates

    • Stocks quintile ranking based on fundamentals

    • Common language and valuation concept across sectors and analysts

    • Experienced portfolio management team drives portfolio construction

    • Maximise stock specific ideas within risk control bands

    • Manage uncompensated risks (beta, sector, style)

    5. Source: J.P. Morgan Asset Management, data as of 31.05.2021. For illustrative purposes only.

    ESG FRAMEWORK

    MANAGED WITHIN AN ESG FRAMEWORK

    Environmental, social and governance (ESG) factors are of growing importance to investors and can have significant implications for long-term performance. Systematic and explicit consideration of these factors is built into the strategy’s investment process.



    Stewards of the Environment



    Equitable approach to Social capital



    Governance
    that fosters sustainability and long-term value creation

    Learn more about Sustainable Investing

    OUR GLOBAL EQUITIES CAPABILITIES10

    US$699 billion

    Assets under management

    7

    locations worldwide

    370+

    Equity investment professionals with 13+ average years of experience

    145

    Equity research analysts with 10+ average years of experience

    US$150 million

    Global research budget

    10. Source: J.P. Morgan Asset Management as of 31.03.2021. Includes portfolio managers, research analysts, traders and investment specialists with VP title and above.

    Our insights

    With one of the longest track records in equity investing, our team has met and endeavours to continue to meet investor needs in different market conditions. Explore more of our insights.

    On the Minds of Investors

    Top questions on the minds of investors. See what your peers are asking and read answers from our team of Global Market Strategists.

    Learn more

    Weekly Market Recap

    Households in the driving seat: This week’s thought and chart breaks down the drivers and drags in for the Australian economy in the third quarter and the role of households to keep the economy ticking over.

    Read more

    Global Equity Views

    Discover our insights into global equity markets, including investors' views on the greatest risks and opportunities in the face of the ongoing pandemic

    Learn more
    View all Insights
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    For more information, please call or email us. You can also contact your J.P. Morgan representative.

    1800 576 100 (Application enquiries)

    1800 576 468 (General enquiries)

    jpmorganam@jpmorgan.com

    Before investing, obtain and review the Product Disclosure Statement of the Fund (available from am.jpmorgan.com/au/en/asset-management/adv) to understand the various risks associated with investing in the Fund and in making any investment decision. Past performance is not a reliable indicator of future performance and investors may not get back the full amount invested. Future performance and return of capital is not guaranteed. Information is considered correct at the time of issue but no liability for errors or omissions will be accepted by JPMorgan Asset Management (Australia) Limited or its affiliates. This document is confidential and intended solely for the person to whom it is provided by the issuer. Fund holdings and performance are likely to have changed since the report date. No provider of information presented here, including index and ratings information, is liable for damages or losses of any type arising from use of their information. Information from communications with you will be recorded, monitored, collected, stored and processed consistent with our Australian Privacy Policy available at am.jpmorgan.com/au/en/asset-management/adv/privacy-policy/

     

    Fund information, including performance calculations and other data, is provided by J.P. Morgan Asset Management (the marketing name for the asset management businesses of JPMorgan Chase & Co and its affiliates worldwide). All data is as at the document date unless indicated otherwise.

     

    Benchmark Source: MSCI. Neither MSCI nor any other third party involved in or related to compiling, computing or creating the MSCI data (the “MSCI Parties”) makes any express or implied warranties or representations with respect to such data (or the results to be obtained by use thereof), and the MSCI Parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to such data . Without limiting any of the foregoing, in no event shall any of the MSCI Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

    For further information please email us at jpmorgan.funds.au@jpmorgan.com, telephone 1800 576 468 or visit our website am.jpmorgan.com/au/en/asset-management/adv

     

    JPMorgan Global Research Enhanced Index Equity Fund (“Fund”) will be substantially invested in shares that correspond to the JPMorgan Funds – Global Research Enhanced Index Equity Fund (“Underlying Sub-Fund”), a specific portfolio within the JPMorgan Funds, which is an open-ended investment company organised under Luxembourg law as a société anonyme qualifying as a SICAV and authorised under Part 1 of the Luxembourg law of 17 December 2010. References in this document to the fund managers, and underlying assets or investments of the Fund generally related to the Underlying Sub-Fund’s managers and assets.

     

    This document is for information purposes only and should not be taken as containing any financial product advice or recommendation.  Information is considered correct at the time of issue but no liability for errors or omissions will be accepted. Investors should refer to the Fund’s Product Disclosure Statement to consider whether the Fund is appropriate for them. There can be no guarantee that the target return can be achieved.

     

    Any forecasts or opinions expressed are JPMorgan Asset Management (Australia) Limited’s own at the date of this document and may be subject to change. The value of investments and the income from them may fluctuate and your investment is not guaranteed. Past performance is not necessarily a guide to future performance and investors may not get back the full amount invested. Exchange rates may cause the value of underlying overseas investments to go down or up. Investments in emerging markets may be more volatile than other markets and the risk to your capital is therefore greater. Also, the economic and political situations may be more volatile than in established economies and these may adversely influence the value of investments made.

     

    JPMorgan Asset Management (Australia) Limited forms a key part of J.P. Morgan Asset Management. The brand name J.P. Morgan Asset Management covers the asset management activities of JPMorgan Chase & Co. globally. This document is issued by JPMorgan Asset Management (Australia) Limited (ABN 55143832080) (AFSL 376919), which is regulated by the Australian Securities and Investments Commission. © JPMorgan Chase & Co., 2022

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    © 2022 All Rights Reserved - JPMorgan Asset Management (Australia) Limited   ABN 55 143 832 080, AFSL No. 376919

    The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. Therefore, before you decide to buy any product or keep or cancel a similar product that you already hold, it is important that you read and consider the relevant JPMorgan fund Product Disclosure Statement (PDS) and Target Market Determination, which is available to download on this website and make sure that the product is appropriate for you. Before making any decision, it is important for you to consider these matters and to seek appropriate legal, tax, and other professional advice.