Broaden the borders of your bond portfolio
With real yields looking more attractive than they have in a decade, global fixed income markets offer a world of opportunities for investors with the ability to look beyond bond benchmarks.
Seek enhanced total returns with Global Bond Opportunities Fund
JPMorgan Funds – Global Bond Opportunities Fund allocates flexibly across 15 fixed income sectors and more than 50 countries, seeking attractive total returns over time for investors with a higher risk tolerance. The fund’s disciplined investment process combines top-down and bottom-up analysis, with a common research framework to integrate ideas.
Focused on total returns
Seeks attractive total returns over time for investors with a higher risk tolerance.
Flexible ‘best ideas’ approach
Dynamically adjusts asset allocation and duration as market conditions evolve.
Multi-dimensional risk management
Holistic and rigorous approach to risk management, with integrated ESG* analysis.
Focused on total return
Global Bond Opportunities Fund seeks attractive total returns over time for investors with a higher risk tolerance.

Source: J.P. Morgan, Barclays Live, J.P. Morgan Asset Management; as of 31 October 2022. Fund return shown gross of fees for JPMorgan Funds – Global Bond Opportunities Fund (EUR). Based on the official Net Asset Value (NAV) of share class A (acc) in EUR. Since inception: February 2013. Sector returns proxied by the following indices all hedged to EUR where applicable: JPMorgan EMBI Global Diversified (EMD Sovereign), J.P. Morgan CEMBI Broad Diversified (EM Corporate), Bloomberg Global High Yield (Global High Yield), Bloomberg Global Aggregate Corporate (Global Corporate), Bloomberg Global Aggregate Government (Global Government), Bloomberg Global Aggregate (Global Aggregate), Bloomberg Global Multiverse (Global Multiverse). Shown for illustrative purposes only. IG: Investment Grade; EM: Emerging Markets.
Past performance is not a reliable indicator of current and future results.
Flexible ‘best ideas’ approach
Unconstrained portfolio managers dynamically adjust asset allocation and duration as market conditions evolve. Security selection is on a bottom-up basis, with sector teams identifying their highest conviction ideas.

Source: J.P. Morgan Asset Management. JPMorgan Funds - Global Bond Opportunities Fund inception date is 22 February 2013. Data from 28 February 2013 to 31 October 2022. Empirical duration calculated on daily rolling 1 year data. The Fund is an actively managed portfolio. Holdings, sector weights, allocations and leverage, as applicable, are subject to change at the discretion of the investment manager without notice. EMD: Emerging Market Debt, IG: Investment Grade. From 31 December 2016, enhanced empirical duration methodology shown using a factor-based model based on single issues produced by RiskMetrics.
Multi-dimensional risk management
With no benchmark as a reference point, we consider a variety of measures to evaluate the portfolio’s risk exposures. Scenario analysis serves as an additional layer of risk management, and ESG factors are integrated into our research to identify financially material risks and opportunities.

Source: J.P. Morgan Asset Management. As at October 2022. *Empirical Duration ≈ sum (wtd effective duration * betas). From 31 December 2016, enhanced empirical duration methodology shown using a factor-based model based on single issues produced by RiskMetrics. Interest rate duration based on 10-year US Treasury; credit spread duration based on MSCI all industries blended credit curve (with spread in line with US BBB corporate bond market). EMD = Emerging Markets Debt, IG: Investment Grade, HY: High Yield, CDX: Credit Default Swap Index. The above hypothetical scenario/data is shown to illustrate our internal process only.
The portfolio risk management process includes an effort to monitor and manage risk, but does not imply low risk.
Further reading and information
Why fixed income with J.P. Morgan Asset Management?
Our fixed income funds are founded on active security selection and rigorous risk management—backed by a powerful combination of deep investment expertise, global resources and time-tested processes.
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