JP Morgan Fleming has launched three offshore bond funds, including short duration portfolios design...
JP Morgan Fleming has launched three offshore bond funds, including short duration portfolios designed to provide protection against rising bond yields.
The euro-denominated JPMF Europe Short Duration Bond and US dollar-denominated JPMF Global Short Duration Bond funds will invest in paper of up to two years' duration, aiming to outperform cash while avoiding the volatility of longer duration portfolios.
The third portfolio is the JPMF Europe Credit fund, which invests in European investment-grade corporate bonds. It sits between the existing Europe Aggregate Bond fund, which has only 25% exposure to corporate debt, and the Europe High Yield Bond fund, which is biased towards non-investment grade securities.
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