Fact sheet: JPM Gbl Macro Opps

Fund information
Fund name
JPM Global Macro Opportunities C Acc
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund managers
  • James Elliotsince 15/02/2013
  • Shrenick Shahsince 15/02/2013
  • Talib Sheikhsince 15/02/2013
Fund objective
The Fund aims to provide positive investment returns over a rolling 3 year period in all market conditions by investing in securities globally, using financial derivative instruments where appropriate. A positive return is not guaranteed over this or any time period and a capital loss may occur.
Benchmark
  • ICE 1 Month GBP LIBOR
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
-4.4%
1 Year rank in sector
61/72
Sector
UT Targeted Absolute Return
Yield
0.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.78%
Fund size
£792m (£88m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
47
Mid price
125.6
Top in this sector
Fund name1 Year
Majedie Tortoise23.1%
Jupiter Absolute Return10.9%
CF Ruffer Absolute Return8.9%
Newton Mgd Tgtd Rtn8.6%
7IM Unconstrained7.7%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Money Market26.4%
    North America19.3%
    Europe ex UK16%
    Japan14%
    UK9.5%
  • Equities45.9%
    Currency26.4%
    Derivatives19.9%
    Fixed Interest7.8%
  • International Equities45.9%
    Money Market26.4%
    Alternative Investment Strategies19.9%
    Global Fixed Interest7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.8%-5.6%-6.6%-4.4%18.6%-
Sector-0.6%-0.4%0.7%-0%5.5%14.9%
Rank within sector71 / 7472 / 7470 / 7261 / 727 / 58-
Quartile4th4th4th4th1st
Calendar performance
 YTD - 20162015201420132012
Fund-5.6%11.8%10.3%--
Sector-0.1%2.2%2.5%6.5%3.3%
Rank within sector66 / 725 / 676 / 58--
Quartile4th1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
3.47
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.34
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.32
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
7.98
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.61
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.51
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.09
Price movement
52 week high138.9
52 week low125.6
Current bid price-
Current offer price-
Current mid price125.6
Region
1Money Market26.42%
2North America19.28%
3Europe ex UK15.97%
4Japan13.98%
5UK9.49%
6Asia Pacific ex Japan7.43%
7Global Emerging Markets7.43%
Industry sector
1Equities45.9%
2Currency26.4%
3Derivatives19.9%
4Fixed Interest7.8%
Asset type
1International Equities45.9%
2Money Market26.4%
3Alternative Investment Strategies19.9%
4Global Fixed Interest7.8%
Individual holdings
No data available.
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund objective
The Fund aims to provide positive investment returns over a rolling 3 year period in all market conditions by investing in securities globally, using financial derivative instruments where appropriate. A positive return is not guaranteed over this or any time period and a capital loss may occur.
Benchmark
  • ICE 1 Month GBP LIBOR
Investment style
Absolute Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
James Elliot15/02/2013James Elliot, is the Chief Investment Officer (“CIO”) of the International business of the Multi-Asset Solutions Group, based in London. James is responsible for investment oversight of all mandates managed by the Multi-Asset Solutions Group in London and Hong Kong, in addition to contributing to the team’s views on broad macroeconomic themes that are reflected across all portfolios managed globally by the Multi-Asset Solutions Group. James is also responsible for managing macro-thematic portfolios. James joined J.P. Morgan in 1995. Prior to his current role, James was CIO for the JPMAM Japanese Equity Portfolio Group based in Tokyo and, previously, was co-head of the JPMAM European Equity Group based in London. James left J.P. Morgan for a period of time and worked at RAB Capital plc, where he served as the Director of Europe Equities and manager of the RAB Europe Long/Short Fund. He obtained a B.A. in Modern History from the University of Oxford and is a CFA charterholder.
Shrenick Shah15/02/2013Shrenick Shah, is a portfolio manager in the Multi-Asset Solutions Group, based in London, with responsibility for managing macro-thematic portfolios. An employee since September 2010, Shrenick previously worked in the equity divisions at Deutsche Bank and Credit Suisse. Shrenick obtained a M.Sc. in Econometrics and Mathematical Economics from the London School of Economics.
Talib Sheikh15/02/2013Talib is a portfolio manager for the Multi-Asset Solutions Group, based in London. He is primarily responsible for managing total return portfolios and is a member of the Global Strategy Team which establishes broad macroeconomic themes that are reflected across all portfolios managed globally by the team. Talib has managed balanced and tactical asset allocation overlay accounts since 2002. An employee since 1998, he was previously an Assistant Portfolio Manager in the derivatives implementation team in London. He is a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
JPM Global Macro Opportunities A Acc
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price61.33
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code00DV
JPM Global Macro Opportunities A Inc
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price61.35
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA0MX
JPM Global Macro Opportunities B Acc
Initial charge-
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price125
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0MY
JPM Global Macro Opportunities B Inc
Initial charge-
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeA0MZ
JPM Global Macro Opportunities C Acc
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price125.6
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0NA
JPM Global Macro Opportunities C Inc
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price124.4
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeA0NB
JPM Global Macro Opportunities I Acc
Initial charge-
Annual charge0.75%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA0NC
JPM Global Macro Opportunities I Inc
Initial charge-
Annual charge0.75%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeA0ND
Data provided by

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