Fact sheet: JPM Gbl Macro

Fund information
Fund name
JPM Global Macro D NAV
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Shrenick Shahsince 21/12/2012
  • James Elliotsince 21/12/2012
  • Talib Sheikhsince 21/12/2012
Fund objective
To achieve, over a medium-term horizon (2 to 3 years), a return in excess of its cash benchmark from a portfolio of securities, globally, using financial derivative instruments where appropriate.
Benchmark
  • ICE 1 Month USD LIBOR
Investment style
Flexible,Active
Investment method
None
Quick stats
1 Year return
-4.7%
1 Year rank in sector
138/150
Sector
FO Mixed Asset - Flexible
Yield
-
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.
1.9%
Fund size
£1,061m (£172m 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.
88
Top in this sector
Fund name1 Year
HSBC Pfl World Seltn 425.2%
Investec EmrgMktsMA23.7%
Smith & Williamson Mid-OceanWdInv21.8%
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Northstar Mgd Stg19.8%
...more in FO Mixed Asset - Flexible

Performance snapshot

Holdings snapshot

  • Japan27%
    Europe ex UK20.4%
    North America20.2%
    UK14.2%
    Asia Pacific ex Japan10.7%
  • Equities47.7%
    Currency31.2%
    Derivatives11.5%
    Fixed Interest9.6%
  • International Equities47.7%
    Money Market31.2%
    Global Fixed Interest11.5%
    Alternative Investment Strategies9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-3.5%-4.3%-4.7%9.5%10.5%
Sector0.4%-1%1.9%2.1%8.9%23.7%
Rank within sector144 / 165147 / 166153 / 161138 / 15054 / 10665 / 77
Quartile4th4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-4.8%5.3%7.8%9.5%-5.3%
Sector2.6%-0.1%5%6.8%6.9%
Rank within sector142 / 15020 / 12629 / 10940 / 9577 / 78
Quartile4th1st2nd2nd4th
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.
3.29
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.
-0.08
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
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%.
5.73
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.
7.86
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.
0.06
Price movement
52 week high134.32
52 week low123.53
Current bid price-
Current offer price-
Current mid price124.49
Region
1Japan27%
2Europe ex UK20.4%
3North America20.2%
4UK14.2%
5Asia Pacific ex Japan10.7%
6Global Emerging Markets7.5%
Industry sector
1Equities47.7%
2Currency31.2%
3Derivatives11.5%
4Fixed Interest9.6%
Asset type
1International Equities47.7%
2Money Market31.2%
3Global Fixed Interest11.5%
4Alternative Investment Strategies9.6%
Individual holdings
No data available.
Management
Fund manager group
JP Morgan
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund objective
To achieve, over a medium-term horizon (2 to 3 years), a return in excess of its cash benchmark from a portfolio of securities, globally, using financial derivative instruments where appropriate.
Benchmark
  • ICE 1 Month USD LIBOR
Investment style
Flexible,Active
Investment method
None
Fund managers
NameSinceBiography
Shrenick Shah21/12/2012Shrenick 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.
James Elliot21/12/2012James 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.
Talib Sheikh21/12/2012Talib 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
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Argentina, Austria, Belgium, Bahrain, Switzerland, Curacao, Cyprus, Czech Republic, Germany, Denmark, Spain, France, United Kingdom, Greece, Hong Kong, Hungary, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Slovakia, Sweden
JPM Global Macro A Acc NAV USD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price130.71
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJW76
JPM Global Macro A Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price130.06
Offer price137.25
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJW77
JPM Global Macro A Hedged Acc AUD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price9.5
Offer price10.03
Mid price-
CurrencyAUD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE5KA
JPM Global Macro A Hedged Acc EUR
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price83
Offer price87.59
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8XE
JPM Global Macro A Hedged Acc NAV AUD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.55
CurrencyAUD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE5KB
JPM Global Macro A Hedged Acc NAV EUR
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price83.42
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8XF
JPM Global Macro A Hedged Acc NAV SGD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.45
CurrencySGD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE48E
JPM Global Macro A Hedged Acc SGD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price9.4
Offer price9.92
Mid price-
CurrencySGD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE48D
JPM Global Macro A Hedged Inc EUR
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price84.46
Offer price89.12
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUVH
JPM Global Macro A Hedged Inc NAV EUR
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price84.88
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUVG
JPM Global Macro A Mth NAV USD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price112.76
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG53E
JPM Global Macro A Mth USD
Initial charge5%
Annual charge1.25%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price112.2
Offer price118.4
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG53D
JPM Global Macro C
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price96.44
Offer price96.44
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1BR
JPM Global Macro C Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.95%
Bid price98.63
Offer price98.63
Mid price-
CurrencyUSD
Price updated20/06/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRQ7
JPM Global Macro C Acc NAV
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price98.63
CurrencyUSD
Price updated20/06/2013
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRQ8
JPM Global Macro C Hedged Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price86.28
Offer price86.28
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAVP
JPM Global Macro C Hedged Acc NAV EUR
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price86.28
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAVQ
JPM Global Macro C Hedged Acc NAV NOK
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price943.04
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEA5Q
JPM Global Macro C Hedged Acc NOK
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price943.04
Offer price943.04
Mid price-
CurrencyNOK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEA5P
JPM Global Macro C Hedged Inc EUR
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price83.52
Offer price83.52
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE69E
JPM Global Macro C Hedged Inc NAV EUR
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price83.52
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE69F
JPM Global Macro C Mth NAV USD
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price115.71
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG53C
JPM Global Macro C Mth USD
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price115.71
Offer price115.71
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG53B
JPM Global Macro C NAV
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price96.44
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1BS
JPM Global Macro D
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price123.87
Offer price130.71
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJW79
JPM Global Macro D Hedged Acc EUR
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price81.72
Offer price86.24
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8XG
JPM Global Macro D Hedged Acc NAV EUR
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price82.13
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8XH
JPM Global Macro D Hedged Acc NAV SEK
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price765.09
CurrencySEK
Price updated20/07/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8XJ
JPM Global Macro D Hedged Acc SEK
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price761.26
Offer price803.34
Mid price-
CurrencySEK
Price updated20/07/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8XI
JPM Global Macro D Mth NAV USD
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price110.01
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG53G
JPM Global Macro D Mth USD
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price109.46
Offer price115.51
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG53F
JPM Global Macro D NAV
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price124.49
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJW78
JPM Global Macro I Hedged Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price94.11
Offer price94.11
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEAUB
JPM Global Macro I Hedged Acc NAV EUR
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.11
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEAUA
JPM Global Macro I Hedged Acc NAV SEK
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price796.92
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7DR
JPM Global Macro I Hedged Acc SEK
Initial charge-
Annual charge0.6%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price796.92
Offer price796.92
Mid price-
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7DS
JPM Global Macro X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price95.26
Offer price95.26
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE62S
JPM Global Macro X Acc NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.26
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE62T
Data provided by

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