L-R: Julia Faurschou, reporter at Investment Adviser, Dale Erdei, head of field sales at JPMorgan Asset Management, and Richard Romer-Lee, managing director at Square Mile Investment Consulting & Research
The JPM Global Macro Opportunitiesfund is managed by the trio of James Elliot, Talib Sheikh and Shrenick Shah, with the aim of providing positive returns over rolling three-year periods in all market conditions. It aims to do this through investing in securities globally, using financial derivative instruments where appropriate.
As a first time entrant to the IA 100 Club, this portfolio impressed the judges by being quite convictional in its investment approach.
The vehicle was launched in 2013 and sits at a risk-reward level of five out of seven, the latest factsheet shows. It currently favours equities overbonds with a 68.9 per cent allocation to theformer.
The asset class risk breakdown of the portfolio includes 26.4 per cent related to currency and 19.9 per cent linked to advanced derivative strategies.
Meanwhile, in terms of investment themes the funds highest level of exposure is to the Europe gradual growth recovery trend at 19.2 per cent, while low inflation accounts for a further 17.9 percent.
On a geographical basis the vehicles largest allocation is to North America at 26.2 per cent, while 19 per cent is invested in Japan and 10.1 percent in both emerging markets and Asia excluding Japan.
This fund was praised for being risk aware, opportunistic and a little bit braver than somepeers in reflecting their views.
100 Club Awards 2016: Small to Mid Investment Group
100 Club Awards 2016: North American Equity Fund
100 Club Awards 2016: Specialist Sectors and Assets
100 Club Awards 2016: Asia Pacific Equity Fund
100 Club Awards 2016: Sterling Corporate Bond Fund
100 Club Awards 2016: Sterling Strategic Bond Fund
100 Club Awards 2016: Passive Investment Group
100 Club Awards 2016: UK Smaller Companies Fund
Financial Adviser is the premier weekly newspaper for UK based financial intermediaries.
Money Management is the professionals independent adviser, containing a wealth of in-depth features and unique fund performance statistics.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice:
© The Financial Times Ltd 2019 FT, Financial Times, Money Management, FTAdviser and Financial Adviser are trademarks of The Financial Times Limited and their associated companies. No part of this publication may be reproduced or used in any form without prior permission in writing from the editor.