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Important information
JPMorgan Global Bond Fund
  1. The Fund invests primarily (at least 80%) in global investment grade debt securities. The Fund will have limited RMB denominated underlying investments.
  2. The Fund is exposed to risks related to debt securities (including credit risk, interest rate risk, below investment grade/ unrated investment risk, investment grade bond risk, sovereign debt risk and valuation risk), emerging markets, currency, derivatives, liquidity, hedging, class currency and currency hedged classes. Pertaining to investments in below investment grade or unrated debt securities, these securities may be subject to higher liquidity risks and credit risks comparing with investment grade bonds, with an increased risk of loss of investment. For RMB hedged class, risks associated with the RMB currency and currency hedged classes risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point. The Manager may, under extreme market conditions when there is not sufficient RMB for currency conversion and with the approval of the Trustee, pay redemption monies and/or distributions in USD.
  3. Where the income generated by the Fund is insufficient to pay a distribution as the Fund declares, the Manager may at its discretion determine such distributions may be paid from capital including realised and unrealised capital gains. Investors should note that the payment of distributions out of capital represents a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to that original investment. Any payments of distributions by the Fund may result in an immediate decrease in the net asset value per unit. Also, a positive distribution yield does not imply a positive return on the total investment.
  4. Investors may be subject to substantial losses.
  5. Investors should not solely rely on this document to make any investment decision.

JPMorgan Funds – Income Fund
  1. The Fund invests primarily in debt securities.
  2. The Fund is therefore exposed to risks related to emerging markets, debt securities (including below investment grade/unrated investment, investment grade bond, credit, sovereign debt, interest rate, valuation and asset-backed securities (“ABS”) and mortgage-backed securities (“MBS”) risks), concentration, convertible securities, currency, derivative, hedging, distribution (no assurance on distribution or the frequency of distribution or distribution rate or dividend yield), class currency and currency hedged share classes. Pertaining to investments in below investment grade or unrated debt securities, these securities may be subject to higher liquidity risks and credit risks comparing with investment grade bonds, with an increased risk of loss of investment. Investments in ABS and MBS may be subject to greater credit, liquidity and interest rate risks compared to other debt securities such as government issued bonds and are often exposed to extension and prepayment risks. These securities may be highly illiquid and prone to substantial price volatility. Investment in RMB hedged share class is subject to risks associated with the RMB currency and currency hedged share classes risks. RMB is currently not freely convertible and RMB convertibility from offshore RMB (CNH) to onshore RMB (CNY) is a managed currency process subject to foreign exchange control policies of and restrictions imposed by the Chinese government. There can be no assurance that RMB will not be subject to devaluation at some point.
  3. The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund’s fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectively made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share. Also, a positive distribution yield does not imply a positive return on the total investment.
  4. Investors may be subject to substantial losses.
  5. Investors should not solely rely on this document to make any investment decision.
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Navigating falling rates with flexibility

With the US starting to cut rates, the case for fixed income has grown stronger. Declining bond yields typically present a constructive backdrop for the prospect of total return. Still, the timing and extent of future cuts will be highly dependable on incoming economic data and the overall assessment of the US economy. Market expectations on rates will likely remain fluid.

In a falling rate environment, dynamically adjusting the rate sensitivity of bond portfolios is crucial to building a resilient bond portfolio. Effective interest rate risk management1 can potentially lessen the impact of rate changes and contribute to portfolio performance.   

At J.P. Morgan Asset Management, we provide a wide range of actively managed fixed income solutions that help seize opportunities and find harmony in interest rate exposure when rates fall. Start navigating changing rates with flexibility today.

  • Global Bond Fund
  • Income Fund
Global Bond Fund
Income Fund

Investment ideas on fixed income

  1. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
  2. Please refer to the fund’s offering documents for further details on its objectives. The manager seeks to achieve its stated objectives and there is no guarantee they will be met.
  3. The Fund Selector Asia Fund Awards Hong Kong are issued by Fund Selector Asia in 2023, based on volatility and consistency of performance as well as fund selector choices for the three-year period ending 30 June 2022.
  4. Asian Private Banker Asset Management Awards for Excellence are issued by Asian Private Banker in 2024, reflecting product performance, business performance, service competency, branding and marketing as at end-December 2023.
  5. The Refinitiv Lipper Fund Awards Hong Kong 2023 are issued by Refinitiv Lipper in the year specified, reflecting performance as at end-December 2022. Refinitiv Lipper Fund Awards, © 2023 Refinitiv. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this content without express written permission is prohibited.


Provided for information only based on market conditions as of date of publication, not to be construed as investment recommendation or advice. The manager seeks to achieve the stated objectives. There can be no guarantee the objectives will be met.

Diversification does not guarantee investment return and does not eliminate the risk of loss. Yields are not guaranteed. Positive yield does not imply positive return.

Investment involves risk. Not all investments are suitable for all investors. Past performance is not a reliable indicator of current and future results. Please refer to the offering document(s) for details, including the risk factors. Investors should consult professional advice before investing. Investments are not similar to or comparable with fixed deposits. The opinions and views expressed here are as of the date of this publication, which are subject to change and are not to be taken as or construed as investment advice. Estimates, assumptions and projections are provided for information only and may or may not come to pass. This document has not been reviewed by the SFC. Issued by JPMorgan Funds (Asia) Limited.

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