Skip to main content
logo
  • Products

    Funds

    • Performance & Yields
    • Liquidity
    • Ultra-Short
    • Short Duration
    • European Domiciled Product Offering

    Solutions

    • Cash Segmentation
    • Separately Managed Accounts
    • Managed Reserves Strategy

    Fund Information

    • Regulatory Updates
  • Insights

    Liquidity Insights

    • Liquidity Insights Overview
    • Audio Commentaries
    • Case Studies
    • Leveraging the Power of Cash Segmentation
    • Cash Investment Policy Statement
    • China Money Market Resource Centre

    Market Insights

    • Market Insights Overview
    • Eye on the Market
    • Guide to the Markets
    • Market Updates
    • ESG Explained

    Portfolio Insights

    • Portfolio Insights Overview
    • Currency
    • Fixed Income
    • Long-Term Capital Market Assumptions
    • Sustainable Investing
    • Strategic Investment Advisory Group
  • Resources
    • MORGAN MONEY
    • Global Liquidity Investment Academy
    • Account Management & Trading
    • Multimedia
    • Announcements
  • About us
    • Diversity, Equity & Inclusion
  • Contact us
  • English
  • Role
  • Country
  • MORGAN MONEY LOGIN
    Search
    Search
    Menu
    You are about to leave the site Close
    J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
    CONTINUE Go Back
    1. European Domiciled Product Offering

    • LinkedIn Twitter Facebook Line

    J.P. Morgan Global Liquidity

    European Domiciled Product Offering

    As one of the world’s largest liquidity managers, J.P. Morgan Global Liquidity believes in creating long-term, strategic relationships with clients by providing consultation, expertise and high-quality investment solutions. Our global capabilities allow us to provide a wide range of clients with the insights and solutions to meet their investment needs.

    J.P. Morgan Global Liquidity offers a broad range of solutions for the investment of short-term euro cash balances to meet a variety of risk and return objectives. These include:

    Liquidity Funds

    • Short-term MMFs – Our CNAV or LVNAV short-term MMFs take a conservative approach to managing high quality government and corporate credit, with a focus on capital preservation and liquidity. They offer investors a risk management tool for their operating cash balances and an investment horizon of 1 day+.
    • Standard MMFs – Our standard VNAV MMFs take a conservative approach to managing high quality corporate credit, with a focus on capital preservation and liquidity and offer investors a solution that seeks to generate around 15-30 basis points of additional returns versus short-term money market funds or equally versus the 3-month Treasury Bill benchmark. The incremental risk/return profile sets the funds one step up from the short-term MMFs landscape, but takes less credit and duration risk than the ultra-short duration space.

    Ultra-Short Duration Funds

    • Managed Reserves – Our ultra-short duration strategy diversifies risk across high quality, investment grade fixed and floating securities. The strategy seeks to achieve incremental returns of between 20-60 basis points versus short-term MMFs or equally versus the 3-month Treasury Bill benchmark. The strategy is designed for reserve cash assets that have an investment horizon of six-months+ and is available as a fund, ETF or as a fully customised separately managed account. Our separately managed accounts allow investors to define their own parameters for security, returns and liquidity based upon their risk tolerance and cash flow needs.

    CNAV: Constant Net Asset Value
    LVNAV: Low Volatility Net Asset Value
    VNAV: Variable Net Asset Value
    MMF: Money Market Fund
    ETF: Exchange Traded Fund


    Put cash in its place
    Utilising longer-term investments where appropriate for enhanced return potential

     

    European Domiciled Product Offering

        Liquidity Ultra-short duation
        Short-term MMFs Standard MMFs Managed Reserves Managed Reserves Plus (ETF)
        Treasury Credit Credit
      Structures CNAV LVNAV VNAV    
      Currencies USD USD, GBP, EUR, SGD, AUD USD, GBP, EUR USD, GBP USD, GBP, EUR
    Risk Investment Horizon 1 day + 1 day + 3 months + 6 months + 6 months +
    Min rating per security  A-1/A A-1/A A-2/BBB BBB- BBB-
    Max WAM / Duration 60 days 60 days 6 months 1 year 1 year
    Max final maturity  397 days 397 days 2 years w/ 397 days reset 3 years 5 years
                 
    Return Benchmark N/A N/A 3 month Treasury Bill 3 month Treasury Bill 3 month Treasury Bill
    Target excess return (bps) N/A N/A 15-30 20-40 40-60
                 
    Permitted Investments  Treasury           
    Agency          
    Repo          
    CP/CD          
    Corporate Bonds          
    ABS          
    ABCP          
    MBS          
    Non-currency holdings          
                 

     

    Source: J.P. Morgan Asset Management, as of 30 September 2022. All information displayed above are typical but are subject for discussion and adjustment in the context of separately managed accounts. All mutual funds are subject to their regional and structural regulatory requirements and the guidelines set forth in their respective prospectuses. Volatility measures are calculated using 10 years of trailing composite monthly returns. Excess return targets are gross of fees and are in relation to the stated benchmark or in relation to the 3 month Treasury Bill if no benchmark is stated. These targets are the investment manager’s internal guidelines only to achieve the fund’s investment objectives and policies as stated in the prospectus. The targets are gross of fees and subject to change. There is no guarantee that these targets will be met.

    WAM: Weighted Average Maturity
    CP/CD: Commercial Paper/Certificate of Deposit
    ABS: Asset Backed Securities
    ABCP: Asset Backed Commercial Paper
    MBS: Mortgage Backed Securities

    Download PDF

    • Fixed Income

    09ge222410160035

    This is a marketing communication and as such the views contained herein are not to be taken as advice or a recommendation to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and investors may not get back the full amount invested. Past performance and yield are not a reliable indicator of current and future results. There is no guarantee that any forecast made will come to pass. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy. This communication is issued in Europe (excluding UK) by JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, R.C.S. Luxembourg B27900, corporate capital EUR 10.000.000. This communication is issued in the UK by JPMorgan Asset Management (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. Registered in England No. 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.

    J.P. Morgan Asset Management

    • Investment stewardship
    • About us
    • Contact us
    • Privacy policy
    • Cookie policy
    • Binding corporate rules
    • Sitemap
    Decorative
    J.P. Morgan

    • J.P. Morgan
    • JPMorgan Chase
    • Chase

    READ IMPORTANT LEGAL INFORMATION. CLICK HERE >

    The value of investments may go down as well as up and investors may not get back the full amount invested.

    Copyright 2023 JPMorgan Chase & Co. All rights reserved.