Dynamic portfolio construction process
The Funds follow a disciplined portfolio construction process that benefits from the insight of the Portfolio Management team partnering with J.P. Morgan's investment strategy and solutions teams. Our view influences and guides every portfolio decision. It is formed by active dialogue and debate, and along with global, macroeconomic and market research, sets the longer-term strategic asset allocation for the Funds. This view also influences the shorter-term, tactical asset allocations that the Funds' investment team develops in response to market opportunities and events that arise. Through this process, the Funds seek to optimize up and down market capture while preserving capital.
Strategic asset allocation
Our strategic asset allocation serves as a framework for market exposure over the long term. Based on prevailing market conditions, we look to allocate to major asset classes, including equities, fixed income and alternative assets. Within those asset classes, the team selects what it believes to be the optimal combination of a wide array of vehicles and financial instruments. Each investment is continuously monitored for performance and overall portfolio fit in an effort to enhance returns while managing against downside risk.
Tactical asset allocation
To bridge the gap between long-term market assumptions and current conditions, the Portfolio Management team seeks to make timely tactical (short-term) asset allocations. Many of these tactical overlays can be implemented by under/overweighting asset classes, sectors, geographies and manager styles. In other cases, we create structured strategies to express our views. In this way, the Funds attempt to capture opportunities sparked by particular changes in the market environment.
Manager research and selection
To assess best-in-class asset managers for our funds, we rely on dedicated due diligence teams based across major financial centers around the world. Our specialized equity, fixed income and alternative investments due diligence teams follow a rigorous process to identify and provide ongoing oversight of managers that can best express our high conviction investment ideas. The Funds' investment team further evaluates managers in an effort to ensure optimal portfolio diversification. Managers are then selected based on how well we believe they will contribute to overall portfolio performance and risk.
Diversification does not guarantee investment returns and does not eliminate the risk of loss. Diversification among investment options and asset classes may help to reduce overall volatility.
JPMorgan Access Funds give investors access to:
- Diversified multi-asset class, multi-manager portfolios with daily liquidity
- Strategic insights and tactical solutions based on J.P. Morgan's highest-conviction ideas for its private clients
- Experienced investment team and rigorous portfolio construction and risk management processes
- Wide array of investment styles and strategies, including structured strategies and alternative assets
J.P. Morgan offers expertise across wealth management disciplines to help clients advance toward their goals.
The insights J.P. Morgan brings to bear are the results of more than 160 years of experience helping individuals and their families grow, manage and sustain their wealth to ultimately leave a lasting legacy.