The JPM Global Macro Opportunities Fund aims to provide positive returns over a rolling three-year period while managing volatility, regardless of the market environment.
The fund uses a research-oriented global macro approach to capitalise on the opportunities created by eight compelling macro themes (Exhibit 1). These are reflected in the portfolio using a broad range of investment strategies and financial instruments within a risk-controlled framework.
The result is a natural portfolio diversifier that is able to achieve a low correlation to equities and bonds when they look less attractive.
Exhibit 1: Eight macro themes of the JPM Global Macro Opportunities Fund