The JP Morgan Global Macro Opportunities investment approach is based on the philosophy that “Macroeconomic trends and changes in the global environment are typically the biggest drivers of asset prices”. The managers, who also leverage off the extensive expertise of the JP Morgan Multi-Asset team, attempt to identify six to ten prominent macroeconomic themes likely to drive asset prices. The fund will the gain exposure to these themes through a number of individual strategies: either traditional or sophisticated non-directional relative value strategies.
The fund should be viewed as an Absolute Return vehicle, attempting to generate a return of cash + 7% on a gross basis, over the medium term and in all market conditions. We like the low correlation of the fund returns to that of traditional asset classes including equities and fixed income and believe it will participate in market rallies, while limiting risk exposures in periods of market correction.