JPMorgan launches new multi-asset fund
New JPMorgan Asset Management will aim to beat inflation over market cycle.
JPMorgan Asset Management has today launched the Diversified Real Return fund.
The vehicle is based on the strategy launched by the firm’s Global Multi Asset Group in the US last year.
JPMAM said the fund would be of “most interest” to people saving for retirement in pension or other savings products.
The fund’s official benchmark is the 1-10 Year Barclays Capital Index-Linked Gilts index, but the vehicle aims to achieve an annual return (before fees) of 3 per cent in excess of the UK retail price index, with 40-60 per cent of the volatility of equities.
It will do this by investing in a blend of inflation-linked bonds, investment grade credit, inflation overlays, and real assets or their related equities.
The fund will have a £1,000 minimum investment.