A multi-income journey into the emerging high-yield potential
Income investors like us have stayed the course as we ride through the four seasons. Where do we see income opportunities?
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1st competitive factor: easing policies3
The public health crisis has disrupted economic activities globally, and governments and central banks have continued to respond with massive monetary and fiscal stimulus to support businesses and labour markets. As easing polices are here to stay, policy rates will be lower for longer, bolstering Asia’s bond markets.
2nd competitive factor: compelling income potential
Government bond yields across Asia and major developed markets4
3rd competitive factor: relatively mild inflation supports further easing
Consumer Price Index and Producer Price Index inflation5
How to seek yields in Asia’s bond markets?
JPMorgan Asian Total Return Bond Fund navigates through the evolving fixed income markets, tapping the broad spectrum of Asian bond sectors for compelling income opportunities1.
Attractive income opportunities1
The Fund offers monthly distribution “(mth)” share classes*, providing attractive income opportunities. In addition, the Fund is available in USD and HKD Classes, alongside Hedged Classes in AUD, CAD, NZD, RMB and GBP, to help meet investors’ need for different currencies. (*Aim at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to important information 3)
Historical distributions6
Other characteristics of the Fund:
A flexible Asian bond strategy
The Fund is benchmark-agnostic and invests flexibly in fixed income sectors such as USD-denominated Asian credit, local currency bonds and convertible bonds, striving for competitive total returns.
Actively managed portfolio
The exposure to multiple sectors within Asia helps the Fund optimise the unique characteristics of the Asian fixed income spectrum for potential returns. The investment team actively manages currency exposures and durations, taking a strategic approach to manage risk while seeking opportunities.
1. Yield is not guaranteed. Positive yield does not imply positive return.
2. For illustrative purposes only based on current market conditions, subject to change from time to time. Not all investments are suitable for all investors. Exact allocation of portfolio depends on each individual’s circumstance and market conditions. Yield is not guaranteed. Positive yield does not imply positive return.
3. Source: J.P. Morgan Asset Management and Central Banks (China, South Korea, Indonesia and India). Data as of 29.06.2020. China’s policy rate refers to Medium-Term Loan Facility Rate.
4. Source: Bloomberg, as of end-June 2020. Yield is not guaranteed. Positive yield does not imply positive return. Past performance is not a reliable indicator of current and future results.
5. Source: CEIC, National Bureau of Statistics of China, J.P. Morgan Asset Management. Data reflect most recently available as of 30.06.2020.
6. Source: J.P. Morgan Asset Management. Ex-dividend date is 30.06.2020. The (mth) Class aims at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capitalRefer to important information 3. Positive distribution yield does not imply positive return. Annualised yield = [(1+distribution per unit/ex-dividend NAV)^12]-1. The annualised dividend yield is calculated based on the monthly dividend distribution with dividend reinvested, and may be higher or lower than the actual annual dividend yield.
Provided for information only based on market conditions as of date of publication, not to be construed as investment recommendation or advice. Forecasts/ estimates may or may not come to pass.
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.