Bond markets change. Disciplined investing is timeless.
It takes deep resources and specialised expertise to successfully navigate complex bond markets. Whether you’re seeking yield, total return or stability, J.P. Morgan’s time-tested, globally integrated investment processes bring our intensive research, diverse talents and rigorous risk management to your portfolio.
300+
Specialist fixed income professionals
USD 719bn
Global fixed income assets under management
8
Fixed income investment hubs in five countries
Source: J.P. Morgan Asset Management; as of June 30, 2023.
A truly global investment platform
With portfolio managers and sector analysts based in five countries and three continents, our research reaches every corner of the global fixed income markets.
Our global fixed income team has the experience and global reach to access opportunities across more than 15 fixed income sectors and in bond markets covering over 50 countries.
Broad fixed income sector coverage
- Government bonds
- US high yield
- European high yield
- Convertible bonds
- Investment grade credit
- Emerging market local currency sovereigns
- Emerging market hard currency sovereigns
- Municipal bonds
- Emerging market corporate bonds
- Asset-backed securities
- Non-agency mortgage-backed securities
- Agency mortgage-backed securities
- Commercial mortgage-backed securities
- Covered bonds
- Collateralised loan obligations
- Currency
Source: J.P. Morgan Asset Management; data as of June 30, 2023. Investors indicate portfolio managers/traders and research analysts who are vice president level and above.
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.
Our common research language is the foundation of our consistent and repeatable investment process, with every fixed income issuer covered by our sector analysts assessed based on rigorous fundamental, quantitative (valuation) and technical analysis.
Fundamentals
- Macroeconomic Data: Growth, inflation, etc.
- Corporate Health: Defaults, earnings, etc.
- ESG Profile: Carbon footprint, labour practices, etc.
Quantitative (valuations)
- Proprietary Quantitative Research (QRG) models inform rich/cheapness of sector or security.
- Absolute, relative, historical basis.
Technicals
- Supply / demand (issuance and flows).
- Investor positioning and momentum.
Continuous dialogue
- Teams leverage the expertise of the locally based specialists.
- Analysts and traders closely integrated with portfolio managers.
We offer a broad range of sustainable fixed income funds designed to align with our clients’ financial goals and values.
Multi-layered risk management
Risk is managed actively at every stage of our investment process, with key risks continuously monitored by portfolio managers, and additional layers of oversight provided by investment directors and independent risk teams.
Disciplined risk management is essential to all our fixed income strategies. Through our three tiers of risk management, we monitor risks at every level of our fixed income process.
Active management demands active risk management
Portfolio management
- Has day-to-day responsibility for portfolio risk and adherence with guidelines.
- Ensures risks are intended.
- Monitors ESG risks and opportunities.
- Uses proprietary and external systems to analyse risks: tracking error, contribution to risk, factor exposure, liquidity.
Investment directors
- Provides portfolio management oversight by monitoring adherence to investment objectives and guidelines.
- Lead in depth quarterly investment strategy reviews with portfolio managers (performance, risk, ESG profile, dispersion).
- Provides customised risk monitoring within the asset class.
Independent risk
- Provides credible challenge to the business.
- Has a consolidated view of risks to senior management.
- Plays a key role in governance forums.
- Ensures proper risk disclosure.
- Reports to independent AM Chief Risk Officer.
Our fixed income funds
Whether you’re investing for income, looking to manage volatility, or you want to add a new source of return and diversification to an existing portfolio, our range of bond funds is designed to help you achieve your goals.
- JPMorgan Funds – Global Bond Opportunities Fund
- JPMorgan Funds – Global Bond Opportunities Sustainable Fund
- JPMorgan Funds – Global Strategic Bond Fund
- JPMorgan Funds - Green Social Sustainable Bond Fund
- JPMorgan Funds - Income Fund
- JPMorgan ETFs (Ireland) ICAV - EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF
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