JP Morgan is launching five bond vehicles for its fixed income team which it recruited from Schroders last year.
The Luxembourg-domiciled vehicles are: Global Government Short Duration Bond, Euro Government Short Duration Bond, Global Government Bond, European Corporate Bond and Global Corporate Bond.
Its three government bond vehicles will be managed by head of international rates, David Tan, while the two corporate bond vehicles will be managed by global head of corporates, Lisa Coleman.
Each of the government bond vehicles will invest in fixed and floating government bonds from investment grade countries using a long-only strategy.
The short duration funds focus on short term government fixed and floating rate bonds. The corporate bond vehicles will focus on investing in undervalued global investment grade corporate bonds with positive outlooks. They may also use derivative strategies where appropriate.
Global CIO for fixed income, Bob Michele, says: "These funds offer SICAV investors an opportunity to tap into JP Morgan Asset Management's global expertise in picking relatively cheap corporate and government bonds.
"In the current market investors are not looking to take excessive and unknown risks. These funds seek to achieve secure and competitive returns with complete transparency and a focus on the issues that are in each fund's respective universe."
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Launching later in 2019
£80bn funds under calculation