JPMAM bond portfolios to target stable returns

JP Morgan Asset Management (JPMAM) is launching five bond Sicavs for Bob Michele and his team.

David Tan, the firm’s head of international rates, will run the JPM Global Government Short Duration Bond fund, Euro Government Short Duration Bond fund and Global Government Bond fund.

Lisa Coleman, the global head of corporates, will manage the European Corporate Bond and Global Corporate Bond funds. The funds, which are domiciled in Luxembourg, are aimed at conservative investors and will target stable returns with minimal risk.

The funds are designed to capitalise on investors’ flight to safety and reduced appetite for risk. JPMAM intends to develop new fixed income vehicles as market conditions change.
Michele, the global chief investment officer for fixed income, joined JPMAM late last year after a decade at Schroders.