J.P. Morgan Asset Management has launched a global bond fund in Hong Kong.
The fund will invest primarily in global investment grade debt securities issued by international governments, quasi-government organisations, agencies, financial institutions and corporations with the aim of achieving a return in excess of global bond markets.
It is benchmarked against the Barclays Global Aggregate ex Securitised Index (USD hedged).
‘With the divergence of central banks’ monetary policies, the fund offers globally diversified investment with active duration management. In addition, it will seek to maximize total return potential from a range of alpha sources including country, sector, issuer, duration and currency while facing the challenges of greater macro uncertainty and swings in capital flows,’ said Robert Stewart, head of global fixed income strategies at JPMAM.
In addition to RMB-hedged share classes, it offers US dollar, HK dollar, Australian dollar Hedged, Canadian dollar Hedged and New Zealand dollar hedged classes.