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    CONTINUE Go Back
    1. Fixed income revival

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    Bonds are back


     

    Fixed income has historically played two roles in portfolios: providing income and offering diversification against riskier assets if the growth outlook deteriorates. With the ultra-low interest rate environment at an end and valuations appearing attractive for the first time in years, the role of bonds has been restored. 

    1.

    Fixed income has experienced a dramatic repricing and valuations now look attractive. Real government and corporate bond yields are at multi-decade highs, giving investors the opportunity to find the income they need. 

    2.

    Inflation should continue to moderate in 2023 as the impulse from food and energy prices fades and the global economy weakens. As a result, we think central banks should be able to pause their rate hiking cycles.

    3.

    An environment of lower inflation and less aggressive central bank action should allow bonds to serve as a diversifier against recession risks by rising in price if equity prices come under pressure.

    Fixed income insights

    JP Morgan | Fixed Income Freeforms

    Fixed income solutions for every investor

    Whether you’re looking for a flexible, global approach, a core portfolio building block or sustainable opportunities, our fixed income OEICs and active ETFs provide a comprehensive range of solutions.

    Unconstrained

    Core

    Sustainable

    ETFs

    JPM Global Bond Opportunities Fund

    Investment Objective

    To provide income and capital growth over the long-term (5-10 years) by investing opportunistically in an unconstrained global portfolio of debt securities and currencies, using derivatives as appropriate.

    Discover the fund >

    ESG information

    ESG approach: ESG Integrated

    ESG Integration is the systematic inclusion of financially material ESG factors, alongside other relevant factors, in investment analysis and investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not by itself change this product’s investment objective, exclude specific types of companies or constrain its investable universe. This product is not designed for investors who are looking for a product that meets specific ESG goals or wish to screen out particular types of companies or investments, other than those required by any applicable law such as companies involved in the manufacture, production or supply of cluster munitions.

    Key Risks

    The Sub-Fund is subject to Investment risks and Other associated risks from the techniques and securities it uses to seek to achieve its objective. The table on the right explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Sub-Fund. Investors should also read Risk Descriptions in the Prospectus for a full description of each risk.

    Investment risks
    Risks from the Fund's techniques and securities

    • Techniques
    • Concentration
    • Derivatives
    • Hedging
    • Short positions
    • Securities
    • China
    • Contingent convertible bonds
    • Convertible securities
    • Credit Linked Notes
    • Debt Securities
      • Government debt
      • Investment grade debt
      • Below investment grade debt
      • Unrated debt
    • Emerging markets
    • Equities
    • MBS/ABS
    • Structured products

    Other associated risks
    Further risks the Fund is exposed to from its use of the techniques and securities above

    • Credit
    • Interest rate
    • Market
    • Currency
    • Liquidity

    Outcomes to the Shareholder
    Potential impact of the risks above

    Loss

    Shareholders could lose some or all of their money.

    Volatility

    Shares of the Fund will fluctuate in value.

    Failure to meet the Fund’s objective.

    JPM Unconstrained Bond Fund

    Investment Objective

    The Fund aims to provide a positive return, before fees, which is higher than that of the Fund's Benchmark (ICE BofA SONIA Overnight Rate Index ) over a rolling 3 year period in all market conditions. A positive return is not guaranteed over this or any time period and capital loss may occur.

    Discover the fund >

    ESG information

    ESG approach: ESG Integrated

    ESG Integration is the systematic inclusion of financially material ESG factors, alongside other relevant factors, in investment analysis and investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not by itself change this product’s investment objective, exclude specific types of companies or constrain its investable universe. This product is not designed for investors who are looking for a product that meets specific ESG goals or wish to screen out particular types of companies or investments, other than those required by any applicable law such as companies involved in the manufacture, production or supply of cluster munitions.

    Key Risks

    The Fund is subject to Investment risks and Other associated risks from the techniques and securities it uses to seek to achieve its objective. The table on the right explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions in the Prospectus for a full description of each risk.

    Investment risks
    Risks from the Fund's techniques and securities.

    • Techniques
    • Concentration
    • Derivatives
    • Hedging
    • Short positions
    • Securities
    • China
    • Contingent convertible bonds
    • Convertible Securities
    • Credit Linked Notes
    • Debt securities
      • Government debt
      • Investment grade debt
      • Below investment grade debt
      • Unrated debt
    • Emerging markets
    • Equities
    • MBS/ABS
    • Structured products

    Other associated risks
    Further risks the Fund is exposed to from its use of the techniques and securities above.

    • Credit
    • Liquidity
    • Currency
    • Market
    • Interest rate

    Outcomes to the Shareholder
    Potential impact of the risks above

    Loss

    Shareholders could lose some or all of their money.

    Volatility

    Shares of the Fund will fluctuate in value.

    Failure to meet the Fund’s objective.

    JPMorgan Funds - Global Bond Opportunities Sustainable Fund

    Investment Objective

    To achieve a return in excess of the benchmark by investing opportunistically in an unconstrained portfolio of debt securities (positively positioned towards Debt Securities with positive E/S characteristics and debt securities issued by companies and countries that demonstrate improving E/S characteristics) and currencies, using derivatives where appropriate. Debt Securities with positive E/S characteristics are those that the Investment Manager believes have been issued by companies and countries that demonstrate effective governance and superior management of environmental and social issues (sustainable characteristics).

    Discover the fund >

    ESG information

    ESG approach: Positive tilt

    An investment style in which the portfolio will be tilted towards companies / issuers with positive ESG characteristics.

    SFDR classification: Article 8

    "Article 8" strategies promote social and/or environmental characteristics, but do not have sustainable investing as a core objective.

    Key Risks

    The Sub-Fund is subject to Investment risks and Other associated risks from the techniques and securities it uses to seek to achieve its objective. The table on the right explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Sub-Fund. Investors should also read Risk Descriptions in the Prospectus for a full description of each risk.

    Investment risks
    Risks from the Sub-Fund's techniques and securities

    • Techniques
    • Concentration
    • Derivatives
    • Hedging
    • Short positions
    • Securities
    • China
    • Contingent convertible bonds
    • Convertible Securities
    • Debt securities
      • Below investment grade debt
      • Government debt
      • Investment grade debt
      • Unrated debt
    • Emerging markets
    • Equities
    • MBS/ABS

    Other associated risks
    Further risks the Sub-Fund is exposed to from its use of the techniques and securities above

    • Credit
    • Market
    • Liquidity
    • Interest rate
    • Currency

    Outcomes to the Shareholder
    Potential impact of the risks above

    Loss

    Shareholders could lose some or all of their money.

    Volatility

    Shares of the Sub-Fund will fluctuate in value.

    Failure to meet the Sub-Fund’s objective.

    JPMorgan Funds - Green Social Sustainable Bond Fund

    Investment Objective

    To achieve a long-term return in excess of the Benchmark by investing primarily in debt securities where proceeds are directed to projects and activities that contribute towards a sustainable and inclusive economy.

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    ESG information

    ESG approach: Thematic

    Investments in themes or assets specifically related to sustainability.

    SFDR classification: Article 9

    "Article 9" strategies have a sustainable investment objective.

    Key Risks

    The Sub-Fund is subject to Investment risks and Other associated risks from the techniques and securities it uses to seek to achieve its objective. The table on the right explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Sub-Fund. Investors should also read Risk Descriptions in the Prospectus for a full description of each risk.

    Investment risks
    Risks from the Sub-Fund's techniques and securities

    • Techniques
    • Hedging
    • Thematic
    • Securities
    • China
    • Debt securities
      • Investment grade debt
      • Below investment grade debt
      • Government debt
      • Unrated debt
    • Emerging markets
    • MBS/ABS

    Other associated risks
    Further risks the Sub-Fund is exposed to from its use of the techniques and securities above

    • Credit
    • Market
    • Interest rate
    • Liquidity
    • Currency

    Outcomes to the Shareholder
    Potential impact of the risks above

    Loss

    Shareholders could lose some or all of their money.

    Volatility

    Shares of the Sub-Fund will fluctuate in value.

    Failure to meet the Sub-Fund’s objective.

    JPM Sterling Corporate Bond Fund

    Investment Objective

    To achieve a return based on a combination of income and capital growth by investing at least 80% of the Fund’s assets in investment grade Sterling denominated bonds (or other bonds hedged back to Sterling), using derivatives where appropriate.

    Discover the fund >

    ESG information

    ESG approach: ESG Integrated

    ESG Integration is the systematic inclusion of financially material ESG factors, alongside other relevant factors, in investment analysis and investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not by itself change this product’s investment objective, exclude specific types of companies or constrain its investable universe. This product is not designed for investors who are looking for a product that meets specific ESG goals or wish to screen out particular types of companies or investments, other than those required by any applicable law such as companies involved in the manufacture, production or supply of cluster munitions.

    Key Risks

    The Fund is subject to Investment risks and Other associated risks from the techniques and securities it uses to seek to achieve its objective. The table on the right explains how these risks relate to each other and the Outcomes to the Shareholder that could affect an investment in the Fund. Investors should also read Risk Descriptions in the Prospectus for a full description of each risk.

    Investment risks
    Risks from the Fund's techniques and securities.

    • Techniques
    • Derivatives
    • Hedging
    • Securities
    • Contingent convertible bonds
    • Debt securities
      • Investment grade debt
      • Below investment grade debt
      • Unrated debt
    • Emerging markets

    Other associated risks
    Further risks the Fund is exposed to from its use of the techniques and securities above.

    • Credit
    • Liquidity
    • Currency
    • Market
    • Interest rate

    Outcomes to the Shareholder
    Potential impact of the risks above

    Loss

    Shareholders could lose some or all of their money.

    Volatility

    Shares of the Fund will fluctuate in value.

    Failure to meet the Fund’s objective.

    JPMorgan ETFs (Ireland) ICAV - GBP Ultra-Short Income UCITS ETF

    Investment Objective

    The Sub-Fund aims to provide current income while seeking to maintain a low volatility of principal.

    Discover the fund >

    ESG information

    ESG approach: ESG Promote

    Promotes Environment and / or social characteristics

    SFDR classification: Article 8

    "Article 8" strategies promote social and/or environmental characteristics, but do not have sustainable investing as a core objective.

    Key Risks

    • The value of debt securities may change significantly depending on economic and interest rate conditions as well as the credit worthiness of the issuer. Issuers of debt securities may fail to meet payment obligations or the credit rating of debt securities may be downgraded. These risks are typically increased for below investment grade debt securities which may also be subject to higher volatility and lower liquidity than investment grade debt securities. The credit worthiness of unrated debt securities is not measured by reference to an independent credit rating agency.

    • Asset-backed, collateralised loan obligations and mortgage-backed securities may be less liquid than other securities in which the Sub-Fund will invest, subject to adverse changes to interest rates and to the risk that the payment obligations relating to the underlying assets are not met.

    • The Sub-Fund may be concentrated in the banking industry and in the UK sectors, markets and/or currency. As a result, the Sub-Fund may be more volatile than more broadly diversified funds.

    • Exclusion of issuers that do not meet certain ESG criteria from the Sub-Fund's investment universe may cause the Sub-Fund to perform differently compared to similar funds that do not have such a policy.

    • Movements in currency exchange rates can adversely affect the return of your investment. The currency hedging that will be used to minimise the effect of currency fluctuations may not always be successful.

    Explore our full range of fixed income funds

    Discover now

    JP Morgan | Fixed Income Freeforms

    Your partner for the bond recovery

    For investors re-evaluating portfolios in this new dawn for bond investing, J.P. Morgan Asset Management offers fixed income solutions that span the risk spectrum, underpinned by the deep resources and rigorous research of a truly global platform.

    Learn more >

    For Professional Clients only – not for Retail use or distribution


    This is a marketing communication. 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. 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.

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