Fund highlights




Expertise

Expertise Highly experienced portfolio managers Bob Michele, Nick Gartside and Iain Stealey are backed by the in-house research of a globally integrated team of over 200 investment professionals.


Portfolio

Provides flexible fixed income exposure across more than 15 sectors and 50 countries, dynamically adjusting its allocation and sensitivity to interest rates as market conditions evolve.


Success

Success Has a track record of attractive returns while managing risk, and can act as a diversifier to traditional bond funds.


HISTORICAL PORTFOLIO POSITIONING (DURATION, YEARS)

Source: J.P. Morgan Asset Management. Dec 16.

     

     

Fund highlights




Expertise

Expertise Highly experienced portfolio managers Bob Michele, Nick Gartside and Iain Stealey are backed by the in-house research of a globally integrated team of over 200 investment professionals.


Portfolio

Provides flexible fixed income exposure across more than 15 sectors and 50 countries, dynamically adjusting its allocation and sensitivity to interest rates as market conditions evolve.


Success

Success Has a track record of attractive returns while managing risk, and can act as a diversifier to traditional bond funds.


     

HISTORICAL PORTFOLIO POSITIONING (DURATION, YEARS)

Source: J.P. Morgan Asset Management. Dec 16.



     

Nick Gartside, International Chief Investment Officer for Global Fixed Income, Currency and Commodities, looks at the benefits of unconstrained bond investing and explains how a dynamic, “best ideas” approach can provide enhanced total returns for investors with a long-term horizon.


     



Fund highlights




Expertise

Led by a portfolio manager with 15+ years’ experience in this process and backed by a team of over 40 research analysts.


Portfolio

Seeks to capture stock-level opportunities while being flexible to manage market exposure to limit losses in falling markets.


Success

Strong uncorrelated risk-adjusted returns relative to long-only portfolios, with lower volatility.


JPM STRATEGY IN A 50/50 PORTFOLIO

Source: J.P. Morgan Asset Management and S&P500 Index. The Fund is actively managed according to the JPMorgan Opportunistic Equity Long/Short Strategy. The Sharpe Ratio and Volatility was calculated using 50% composite return of the Strategy and 50% return of S&P500 index from 30 June 2013 to 30 September 2018, gross of fees. They’re shown to illustrate the impact of using the Fund in a 50/50 portfolio.

Past performance is not a reliable indicator of current and future results.

JPM STRATEGY’S LONG-SHORT EXPOSURE

Source: Factset, J.P. Morgan Asset Management as at 31 August 2018. The chart is based on average monthly exposure of JPMorgan Opportunistic Equity Long/Short Strategy. The Fund is actively managed according to the Strategy. Holdings, sector weights, allocations and leverage, as applicable, are subject to change at the discretion of the investment manager without notice.

Past performance is not a reliable indicator of current and future results.


Four-minute read ►

High-conviction stock selection




The portfolio manager employs a consistent valuation philosophy, based on proprietary fundamental research, to identify compelling long and short investment opportunities.


Portfolio construction maximises exposure to our best ideas while avoiding investments that we believe carry excessive risk.


The fund’s net exposure to US equities is actively managed according to the market outlook and opportunity set.


Diversify long-only investments




The fund’s flexible market exposure means it has the potential to limit losses in falling markets while capturing some of the upside when markets rise. This may make it an attractive choice for investors worried about volatility or high valuations.

Top holdings

Government of Portugal2,2%Government of Mexico1,0%
Government of Spain2,1%Government of Poland1,0%
Government of China1,7%Government of Malaysia1,0%
Government of South Africa1,5%Government of Spain0,9%
Government of Spain1,4%Government of Italy0,9%
as of: 31.07.2019

The securities above are shown for illustrative purposes only. Their inclusion should not be interpreted as a recommendation to buy or sell.

Investment objective

The Sub-Fund aims to achieve a total return through the active management of long and short equity positions with exposure primarily to US companies and through the use of financial derivative instruments.

Share class
JPM US Opportunistic Long-Short Equity A (perf) (acc) - EUR (hedged)
ISIN
LU1297692037
Benchmark
ICE 1 Month EUR LIBOR
Fund manager(s)
Rick Singh
Steven Lee
Fund launch date
30.10.15
Fund size
USD 420,1m
Morningstar rating
Not rated
Maximum Total Expense Ratio
1,80%
Performance fee is 15% when the fund return exceeds the benchmark return. Please refer to the Fund’s Prospectus for conditions on the application of the performance fees.
Assets Under Management as of 16.09.2019






RISK PROFILE

  • There is no guarantee that the active use of long and short positions to vary net market exposure will succeed in enhancing investment returns. The ability of the fund to meet its investment objective is highly dependent on this active management. The value of equity securities may go down as well as up in response to the performance of individual companies and general market conditions.
  • The single market in which the fund invests may be subject to particular political and economic risks, and as a result, the fund may be more volatile than more broadly diversified funds.
  • The value of financial derivative instruments can be volatile. This is because a small movement in the value of the underlying asset can cause a large movement in the value of the financial derivative instrument and therefore, investment in such instruments may result in losses in excess of the amount invested by the fund.
  • A short position is the sale of a security not owned with anticipation of buying it if the security-price decrease. A long position is the purchase of a security with anticipation that the security-price increases. The possible loss from taking a short position on a security may be unlimited as there is no restriction on the price to which a security may rise. The short selling of investments may be subject to changes in regulations, which could adversely impact returns to investors.
  • Movements in currency exchange rates can adversely affect the return of your investment. The currency hedging that may be used to minimise the effect of currency fluctuations may not always be successful.


 

Disclaimer

This is a marketing communication and as such the views contained herein are not to be taken as advice or a recommendation to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance and yield are not a reliable indicator of current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, whilst it is the intention to achieve the investment objective of the investment products, there can be no assurance that those objectives will be met. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy. As the product may not be authorized or its offering may be restricted in your jurisdiction, it is the responsibility of every reader to satisfy himself as to the full observance of the laws and regulations of the relevant jurisdiction. Prior to any application investors are advised to take all necessary legal, regulatory and tax advice on the consequences of an investment in the products. Shares or other interests may not be offered to, or purchased, directly or indirectly by US persons. All transactions should be based on the latest available Prospectus, the Key Investor Information Document (KIID) and any applicable local offering document. These documents together with the annual report, semi-annual report and the articles of incorporation for the Luxembourg domiciled products are available free of charge upon request from JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, your finacial adviser or your J.P. Morgan Asset Management regional contact. In Switzerland, JPMorgan Asset Management (Switzerland) LLC, Dreikönigstrasse 21, 8002 Zurich, acts as Swiss representative of the funds and J.P. Morgan (Suisse) SA, 8 Rue de la Confédération, 1204 Geneva, as paying agent of the funds. This communication is issued in Europe (excluding UK) by JPMorgan Asset Management (Europe) S.à r.l., 6 route de Trèves, L-2633 Senningerberg, Grand Duchy of Luxembourg, R.C.S. Luxembourg B27900, corporate capital EUR 10.000.000. This communication is issued in the UK by JPMorgan Asset Management (UK) Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England No. 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.


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