Investment Objective
The JPM US Opportunistic LS Equity fund aims to achieve a total return though the active management of long and short equity positions with exposure primarily to US companies and through the use of financial derivative instruments. The management team leverages the best ideas from JPM sector specialists based on a strict fundamental process and allocates sizable positions (>5%) to the highest ranking ideas.
Reference Index
ICE 1 Month USD LIBOR
Latest Meeting Note
Fund Note 30 Nov 2017
Since the launch of the UCITS fund in October 2015, returns have annualised at 5.1% with a volatility of 7.8%. These returns have delivered with relatively high equity correlation (0.7 to S&P 500) and relatively high equity beta (0.7... Read more
Since the launch of the UCITS fund in October 2015, returns have annualised at 5.1% with a volatility of 7.8%. These returns have delivered with relatively high equity correlation (0.7 to S&P 500) and relatively high equity beta (0.7 to S&P 500). These figures are consistent with the net exposure of the fund which has been running towards the top end of the 40% - 60% range (the current net is 59.6%), while the current gross exposure of 112% is towards the bottom end of the range. Prior to launching the UCITS, Singh has managed the strategy at JP Morgan since mid-2013, generating a high teens annualised return (gross of fees) between Jun 13 and Nov 15.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 0.2 | 0.8 | 0.2 | 0.4 | 0.9 | 0.5 | 0.3 | 0.7 | 0.6 | 0.9 | 0.4 | 0.6 | 0.9 | |
| 2021 | 0.1 | 0.9 | 0.6 | 0.4 | 0.7 | 0.0 | 0.8 | 0.0 | 0.2 | 0.6 | 0.4 | 0.4 | 0.7 |
