JP Morgan launches global sustainable fund
JP Morgan Asset Management (JPMAM) has launched the JPMorgan Global Macro Sustainable fund in Australia.
The strategy was launched in Europe in August 2019 and was run by the same investment team as the JPMorgan Global Macro Opportunities fund who sought to capitalise on return opportunities presented by macroeconomic themes.
The fund would hold long and short exposures across equity, fixed income, currency and volatility, with environmental, social and governance (ESG) risk analysis integrated into investment decision making.
Exclusions were applied to certain industries and sectors which included weapons, tobacco and fossil fuels and the security-weighted ESG score for each asset class was maintained above the median of its universe.
David Hallifax, head of Australia funds for JP Morgan Asset Management, said client demand for sustainable investing continued to grow in Australia.
“This fund stands out as a liquid alternatives portfolio that reflects the shared values of our clients through a three-step approach, combining ESG integration in the research process with systematic exclusions and positive sustainable positioning,” Hallifax said.
“As the macro landscape continues to evolve, our macro strategies investment team have demonstrated, time and again, their expertise in dynamically shifting exposures to pursue positive returns in varying market environments.
“In light of the increased volatility this year, it’s arguably more important than ever for investors to have exposure to flexible strategies and we’re excited to be able to offer such a well-considered and timely investment opportunity to our clients.”
According to FE Analytics, since its inception on 2 May, 2016, to 31 December, 2020, the Global Macro Opportunities fund returned 33.93%.
Performance of the JP Morgan Global Macro Opportunities fund since inception to end of 2020
AUTHOR
Chris Dastoor
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