Investment Strategies
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To assist our clients in achieving their financial objectives, JPMorgan Asset Management has developed a broad range of strategies across the fixed income spectrum.
These strategies, managed by our Global Fixed Income team, have been designed for different risk appetites. They include broad market, long duration, stable value, intermediate, high yield, emerging market debt, short and ultra short duration, global bonds, structured products, mortgages and tax-aware strategies.
The strategies, offered by two different platforms and implemented using distinct investment styles, provide our clients with greater diversification opportunities. Our analysis has also shown that, over short and long time horizons, the returns achieved by each platform are negatively correlated.
Our fixed income strategies are managed by teams based globally. Our opportunistic strategies, managed by our New York/London fixed income team, utilize a top-down, bottom-up process. Our Columbus team implements their strategies through a bottom-up, value-oriented approach.
Our opportunistic strategies seek to build diversified portfolios from a global set of opportunities. This approach involves:
-identifying macro investment themes that will drive the fixed income markets, focusing in particular on duration, the yield curve and individual sectors
- risk allocation, using quantitative analysis, to help maximize investment efficiency
- sector decisions based on our macro investment themes
- security selection by specialist sector teams
constructing portfolios that are tailored to each client’s investment objectives and guidelines.
Our disciplined value-driven approach utilizes bottom-up fundamental analysis. Central to this approach is:
• identifying undervalued securities based on diligent research
• developing well diversified and high-quality portfolios, which help to minimize individual security risk
• a portfolio strategy driven by many small decisions, making it less dependent on a few top-down decisions
• low turnover, which minimizes trading costs
• embedding risk management throughout the process and thereby seeking to limit downside risk relative to a benchmark.
This website is intended to report solely on the investment strategies and opportunities identified by J.P. Morgan Asset Management. Additional information is available upon request. Information herein is believed to be reliable but J.P. Morgan Asset Management does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The investments and strategies discussed herein may not be suitable for all investors; if you have any doubts you should consult your J.P. Morgan Asset Management Client Adviser, Broker or Portfolio Manager. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. You should consult your tax or legal adviser about the issues discussed herein. J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., JPMorgan Investment Advisors Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.