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.
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Which is why the JPMorgan Funds – Income Fund invests opportunistically across multiple debt markets and sectors with a view to making portfolio income a viable outcome.
WHY GLOBAL FIXED INCOME WITH BROAD-BASED APPROACH?
A WORLD OF LOWER YIELDSFINDING INCOME IN A WORLD OF LOWER YIELDS
Market uncertainties have reinforced the dovish bias for central banks. As monetary policy remains accommodative in this environment and lower government bond yields likely to persist, investors may need to explore the full spectrum of fixed income to broaden their sources of income opportunities.
SEEKING TO MANAGE RISKS THROUGH DIVERSIFICATION*
As different fixed income sectors have varied correlations with each other, having a broad mix of sectors brings potential diversification* benefits to a portfolio and may achieve lower volatility than those of individual sectors.
* Diversification does not guarantee investment returns and does not eliminate the risk of loss.
FIXED INCOME CAPABILITIES
TEAM APPROACHACCESS TO THE POWER OF A GLOBALLY INTEGRATED TEAM OF INVESTMENT PROFESSIONALS
■ Includes portfolio managers, research analysts, traders and investment specialists with VP title and above.
^ Includes assets managed on behalf of other J.P. Morgan Asset Management investment teams.
Source: J.P. Morgan Asset Management, as of end-March 2021.
Our research encompasses fundamental, quantitative and technical analysis
FUNDAMENTAL
- Macroeconomic data
- Corporate health figures
QUANTITATIVE (valuations)
Rich or cheap valuation on:
- Absolute basis
- Relative basis (historical and cross-sector)
TECHNICALS
- Supply and demand dynamics
- Investor positioning and momentum
OUR RISK MANAGEMENT# DISCIPLINE IS ESSENTIAL TO OUR INVESTMENT PROCESS
# The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
WHY INVEST IN THE JPMORGAN FUNDS – INCOME FUND?
Unconstrained fixed income approach
Investing opportunistically across multiple debt markets and sectors without benchmark constraints, the fund managers can focus on their top convictions to capture attractive income opportunities for a given level of risk. With an unconstrained approach, the fund managers navigate dynamically in changing market conditions.
A wider opportunity set
The Fund invests in a wide range of fixed income securities, covering traditional and non-traditional fixed income, allowing for a wider source of income.
Focusing on income
The fund managers manage the income of the Fund to help minimise fluctuations in dividend payments of its monthly distribution share classes*.(*Aim at monthly distribution. Dividend rate is not guaranteed. Distributions may be paid from capital. Refer to important information 3)
Industry recognition
The JPMorgan Funds – Income Fund is an award-winning offering with a strong track record. Andrew Norelli, who co-manages the Fund, was also named Best Hong Kong Manager – Global Bonds+ in the Citywire Asia Awards 2019 and 2020 for his outstanding fund management.
| Lipper Fund Awards Hong Kong 2019 Best Fund over 3 Years – Bond Global ^ |
Fund Selector Asia Awards Hong Kong 2020 Global Bond – Platinum* | 2020 Citywire Asia Awards Hong Kong Best Fund Manager Award - Global Bonds+ |
^ Issued by Lipper of Refinitiv, 2019 award for the A (acc) - USD Class, reflecting performance as of 31.12.2018. Lipper Fund Awards from Refinitiv, © 2019 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.
*Issued by Fund Selector Asia, based on volatility and consistency of performance as well as fund selector choices for the three-year period from 30.06.2016 to 30.06.2019.
+ Issued by Citywire Asia, 2020 award, reflecting performance of the past three years to 31.12.2019. There can be no assurance that the professionals currently employed by J.P. Morgan Asset Management (JPMAM) will continue to be employed by JPMAM or that the pastperformance or success of any such professional serves as an indicator of such professional's future performance or success.
More currency choices now available
In addition to USD and HKD, the Fund offers investors with multiple currency choices, including the AUD Hedged, RMB Hedged†, GBP Hedged, EUR Hedged, and SGD Hedged Classes.
| Available classes | Launch date |
| USD (acc) Class | 02.06.2014 |
| USD (mth) Class | 19.12.2014 |
| HKD (mth) Class | 19.12.2014 |
| AUD Hedged (mth) Class | 05.09.2019 |
| RMB Hedged (mth) Class† | 05.09.2019 |
| GBP Hedged (mth) Class | 05.09.2019 |
| EUR Hedged (mth) Class | 05.09.2019 |
| SGD Hedged (mth) Class | 05.09.2019 |
† The RMB Hedged (mth) Class is not available on the J.P. Morgan eTrading platform.
Source: J.P. Morgan Asset Management, as of end-Jun 2021. The AUD/RMB/GBP/EUR/SGD Hedged Classes are not recommended for investors whose base currency of investment is not in the aforesaid currencies.
Click here to see the fund price about the JPMorgan Funds - Income Fund.
Click here to learn more about our other fixed income offerings.
For more information, please contact your bank or financial adviser, or J.P. Morgan Asset Management directly.