Fixed Income

Fixed income funds driven by global insight

At J.P. Morgan Asset Management, our range of fixed income solutions spans the entire risk spectrum. Whether you are investing for income, looking to manage volatility or seeking a new source of return for portfolio diversification, our solutions provide the flexibility to help you achieve your goals.

As a leading active asset manager, we strive to deliver consistently attractive risk-adjusted returns from our fixed income portfolios, supported by a globally-integrated, research-driven investment approach.

Featured fixed income solutions

Seeking out income opportunities across bond sectors

JPMorgan Funds - Income Fund

Adding duration to a bond portfolio

JPMorgan Global Bond Fund

Capturing the vast potential of Asian bonds

JPMorgan Asian Total Return Bond Fund

Navigating the world of China bonds

JPMorgan Funds - China Bond Opportunities Fund

A truly global investment platform

Our research reaches every corner of the global fixed income markets with portfolio managers and sector analysts based in five markets and three continents.

306

fixed income investment professionals² driving a globally integrated, research-driven approach

Research-driven security selection

Every investment decision is assessed using a common research language, allowing us to compare opportunities in different fixed income securities, sectors and markets.

60+

years of fixed income investing³through changing market cycles

Rigorous risk management

Risk is managed actively by multi-layered risk management at every stage of our investment process to optimise allocation and drive performance across market cycles.

USD 623 billion

assets under management⁴ in Global Fixed Income, Currency & Commodities

ESG integration*

We assess financially material environmental, social and governance risks as part of our broader investment process.

100+

A signatory to Climate Action 100+, reflecting the firm’s increasing collaboration with companies, investors and regulators on the critical issue of climate risk

Awards & accolades

AsianInvestor Asset Management Awards 2022⁵

Fund House of the Year – Hong Kong

Refinitiv Lipper Fund Awards Hong Kong
2022⁶

Best Fund Group – Overall

Fund Selector Asia Awards Hong Kong 2021⁷

Global Bond – Gold

JPMorgan Funds – Global Government Bond Fund

Fixed income insights

Investment Ideas Market bulletin

Investment Ideas

Portfolio Q&A: Income Fund

Flexibility is at the heart of our approach to fixed income markets.

Positioning for income as silver linings emerge

Income investing can help tap investment opportunities while managing volatility through cash flows from a diversified portfolio of income generating assets.

At a crossroad as rates rise? Here’s what a bond indicator is telling us

Rising government bond yields have presented more room to manage the impact of rate hikes. How big is this leeway?

Active bond investing as the world lives with inflation

We share our views on the fixed income opportunities in the current tough times.

How do we manage quality, income & risk in a bond portfolio?

We believe that quality and yield opportunities can still be found in bonds.

Seeking diversification in a ‘prosperity pot’ to help drive income opportunities

Consider diversity across regions, assets and sectors in an income portfolio.

Securitisation: Then and now

The securitisation market has regained much ground in the past decade.

Securitisation 101: What are ABS and MBS?

Fixed income isn’t just government or corporate bonds, it also includes non-traditional debt securities.

Navigating income opportunities in volatile times

Income investing remains relevant in the current market environment, as volatility is poised to remain elevated.

Do you know how we report on climate-related risks & opportunities?

We share how we report on the risks and opportunities in climate change investing.

Investing for a changing world

We share our perspectives of sustainable investing in an overall portfolio.

Bonds 101: ‘ABS’ and ‘MBS’ as a diversifier in a portfolio

Going beyond the traditional fixed income sectors to tap into the potential of securitisation.

Positioning a fixed income portfolio for rising rates? We share 3 pointers

We share our perspectives on positioning for income as rates rise.

Market bulletin

Banking turmoil does little to shift Fed’s focus from the inflation war

This paper summarizes the key highlights from the latest Federal Open Market Committee meeting. (3-min read)

SVB and the Fed: Braking Point not Breaking Point

This paper summarizes the failure of Silicon Valley Bank and the implications on Fed policy and investments. (3-min read)

Dovish undertones with more tightening to come

This paper summarizes the key highlights from the latest Federal Open Market Committee meeting. (3-min read)

The Fed remains determined to fight inflation

The Federal Open Market Committee (FOMC) voted unanimously to raise the Federal funds rate target range by 0.50% to 4.25%-4.50%. (3-min read)

The Fed giveth, and the Fed taketh away

The Federal Open Market Committee (FOMC) voted to raise the Federal funds rate by 0.75% to a range of 3.75%-4.00%. (3-mins read)

Hawkish moves and hawkish guidance

The Federal Open Market Committee (FOMC) voted to raise the Federal funds rate by 0.75% to a range of 3.00%-3.25%. (3-mins read)

Who will ride out the DM turbulence best?

Recession warnings from the U.S. and Europe threaten to derail Asian economies’ nascent recovery, mainly through a drag on export demand.

Understanding U.S. recessions

This paper addresses the characteristics of U.S. recessions, the economic and market indicators that would help to identify the threat of recessions with its investment implications.

A commitment to data dependency suggests a less hawkish Fed going forward

The Federal Open Market Committee (FOMC) voted to raise the Federal funds rate by 0.75% to a range of 2.25%-2.50%. (3-mins read)

The Rocky Road to Normal: A 2022 Mid-Year Review

Learn more about the investment outlook for the second half of 2022 and how investors should position themselves through a challenging recovery and rising inflation.

More hawkish Fed raises recession risks

The message from the committee is clear, the Fed will expeditiously raise interest rates given it is “strongly committed” to tame inflation. (3-mins read)

More tightening and more guidance from the Fed

As widely anticipated, the Federal Open Market Committee voted to raise the Federal funds target rate range by 0.50% to 0.75%-1.00% and signaled similar 50 basis point rate increases would be on the table for the next couple of meetings. (3-mins read)

Russia-Ukraine Chart Pack

The Russia-Ukraine Chart Pack aims to help investors understand the investment implications of the current situation in Russia and Ukraine holistically and why it is important to stay invested

The investment implications of COVID-19

This paper, written by David Kelly, provides an update on the investment implications of COVID-19.

Cyclical tailwinds vs. secular headwinds in Asia ex-Japan equities

This paper, written by Dr. Jasslyn Yeo, explains why cyclical tailwinds support a positive stance for Asia ex-Japan equities this year, and why persisting secular headwinds mean that the investment case for Asia ex-Japan growth stocks remains strong.

China’s path to policy normalization

This paper, written by Chaoping Zhu, discusses the potential path for China’s policy normalization after the country’s economy recovered from COVID-19.

What are the implications of the Brexit deal for the economy and markets?

It is hard to remember a time when Brexit was not dominating British headlines, but at the midnight hour, UK and EU negotiators finally reached agreement on a new trade deal. This piece addresses the key questions surrounding the deal: what is covered, how does it impact the outlook for the UK economy, and what are the market implications?

Northeast and Southeast Asia paving the way to prosperity

This paper, written by Ian Hui and Alex Cheung, analyzes the recovery of various Asian economies from the COVID-19 pandemic and discusses the near-term and longer-term regional outlook.

Rebalancing for high-quality growth: What to expect from China’s new five-year plan

This paper, written by Chaoping Zhu, gives our prospects about China’s upcoming 14th five-year plan. To be approved in October and implemented during 2021 to 2025, this plan will have profound impacts to Chinese economy and financial market.

A commitment to easy money

This paper, written by David Kelly, addresses the FOMC's September meeting announcement.

UK monetary and fiscal stimulus – Unprecedented shock, unprecedented response

This paper, written by Karen Ward, highlights the recent rate cut by the Bank of England and its investment implications.

The investment implications of COVID-19: March 17 update

This paper written by Dr. David Kelly updates the latest on the coronavirus impact to global markets.

The COVID-19 Relief Bill-Holding the Economy in Suspended Animation

This paper, written by Dr. David Kelly, reviews the U.S> relief bill and its investment implications.

A COVID-driven spike in claims

This paper, written by David Lebovitz and Meera Pandit, reviews the surge in U.S. initial claims for unemployment and its investment implications.

What is the Fed doing and what does it mean for fixed income?

This paper, written by David Lebovitz, Alex Dryden, and Jack Manley, reviews the latest U.S. Fed increased liquidity actions and its investment implications.

Chinese GDP in Recession amid Virus Outbreak

This paper, written by Chaoping Zhu, discussed the performance and outlook of Chinese economy, policies amid the global pandemic and implication for investors.

1Q20 earnings: Virus oddity

This paper, written by David Lebovitz and Tyler Voigt, reviews the 1Q 2020 U.S. earnings results and the significant volatility that has taken place.

The Great Glut: A historic supply and demand shock in the oil market

This paper, written by Tillman Galler and Kerry Craig, discusses the latest movements in the oil markets amid the global pandemic and implication for investors.

Monetary Medicine until the Patient is on the Mend

This paper addresses the FOMC's April meeting announcement.

The Fed’s balance sheet: To infinity and beyond

To frame the balance sheet discussion, we consider the impact to real GDP, employment and inflation under each recovery scenario.

Enhance yields with Chinese bonds in the zero interest rate era

This paper, written by Ian Hui and Chaoping Zhu, looks at the attractiveness of the Chinese bond market in the current global environment.

China’s 2Q GDP and June economic data improve on post-COVID rebound

This paper, written by Marcella Chow and Chaoping Zhu, discusses the rebound in Chinese economic activity and its implications for investors.

Introducing our Asia COVID-19 tracker

This paper, written by Ian Hui and Alex Yeo, provides a framework for comparing the policy responses and risks faced by Asian economies from the pandemic.

The European Central Bank levels up its stimulus efforts

Today’s actions from the European Central Bank (ECB) were at the upper end of market expectations.

The European Central Bank aims to ‘thread the needle’

This paper, written by Jai Malhi, examines the European Central Bank meeting outcome and its investment implications.

Cash: it’s what you do with it that matters

This paper, written by David Lebovitz and Tyler Voigt, highlights the short-term and long-term uses of corporate cash investors could take advantage of within their portfolios.

4Q19 Earnings: Lots of moving parts

This paper, written by David M. Lebovitz and Tyler J. Voigt, reviews 4Q19 U.S. earnings with performance of various sectors and its investment implications.

The Investment Implications of the 2020 Election

This paper, written by Dr. David Kelly, Hannah Anderson and Meera Pandit, addresses the upcoming U.S. election and its investment implications.

2019 Market Bulletins

Market Strategists provide commentary and analysis on the latest events and their likely impact on the markets and investing.

Provided for information only based on market conditions as of date of publication, not to be construed as investment recommendation or advice. Forecasts, projections and other forward looking statements are based upon current beliefs and expectations, may or may not come to pass. They are for illustrative purposes only and serve as an indication of what may occur. Given the inherent uncertainties and risks associated with forecast, projections or other forward statements, actual events, results or performance may differ materially from those reflected or contemplated.

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. Duration is a measure of the sensitivity of the price (the value of the principal) of a fixed income investment to a change in interest rates and is expressed as number of years.

* In actively managed assets deemed by J.P. Morgan Asset Management to be ESG integrated under our governance process, we systematically assess financially material ESG factors amongst other factors in our investment decisions with the goals of managing risk and improving long-term returns. ESG integration does not change a strategy’s investment objective, exclude specific types of companies or constrain a strategy’s investable universe.

1. The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
2. Source: J.P. Morgan Asset Management. As of 30.09.2022. Includes portfolio managers, research analysts, traders and investment specialists with VP title and above.
3. Source: J.P. Morgan Asset Management. As of 30.09.2022.
4. Source: J. P. Morgan Asset Management. Data as of 30.09.2022. AUM figures are representative of assets managed by the Global Fixed Income, Currency & Commodities group and include AUM managed on behalf of other J.P. Morgan Asset Management investment teams.
5. Issued by AsianInvestor, 2022 award, reflecting performance as at the previous calendar year end.
6. Issued by Refinitiv Lipper, 2022 award, reflecting performance as of 31.12.2021. Refinitiv Lipper Fund Awards, ⓒ 2022 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.
7. The Fund Selector Asia Awards Hong Kong are issued by Fund Selector Asia in the year specified, based on volatility and consistency of performance as well as fund selector choices for the three-year period ending 30 June of the previous calendar year.

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.

Article Tags:

Fixed Income

Fund Listing

Capabilities

Featured Funds

Market Insights

Portfolio Insights

Retirement Insights

Fixed income

A truly global investment platform

Research-driven security selection

Rigorous risk management

ESG integration*

Awards & accolades