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JPM Income Opportunity A (perf) Acc EUR Hgd

Ranked 63 out of 90 in - Bond Strategies over 12 months
All calculations are in EUR unless stated

Managed by

Bill Eigen

William H. Eigen is the head of the Absolute Return and Opportunistic Fixed Income Group at J.P. Morgan Asset Management. Prior to joining the firm in 2008, Bill headed Highbridge Capital Management's Fixed Income Group and spent 12 years at Fidelity Investments as an analyst and lead portfolio manager. Bill began his career in 1990 as a Group Pension Investment consultant in the Retirement and Investment Services Group at CIGNA, where he completed his tenure as a Stable Value (GIC) Investment manager, focusing specifically on the development of dedicated fixed-income portfolio management strategies. He holds a B.S. in finance from the University of Rhode Island and is a CFA charterholder. Bill has served on the Board of Directors of the Boston Security Analysts Society and is a current member of its Education Board.

Objective

The Sub-Fund will invest the majority of its assets in debt securities issued in developed and emerging markets, including, but not limited to, debt securities of governments and their agencies, state and provincial governmental entities, supranational organisations, corporations and banks. The Sub-Fund may invest in below investment grade and unrated debt securities. The Sub-Fund may also invest in catastrophe bonds to a limited extent. The Sub-Fund will seek to provide a positive return over the medium term irrespective of market conditions.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Bond Strategies over : 31/03/2017 - 31/03/2018
  • Rank 63/90 Total Return
  • Rank 21/90 Standard Deviation
  • Rank 41/90 Max Drawdown
Fund Name Currency Return
62 PIMCO Select Unconstrained Bond Inst EUR Hdg Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.6%

63 JPM Income Opportunity A (perf) Acc EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.6%

64 GAM Star Absolute Return Bond EUR Inst EUR

-0.6%

65 BSF European Credit Strategies H2 EUR EUR

-0.7%

Fund Name Currency Loss
40 La Francaise Multistrategies Obligataires I

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.2%

41 JPM Income Opportunity A (perf) Acc EUR Hgd

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.2%

42 PIMCO Select Unconstrained Bond Inst EUR Hdg Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.2%

43 (LF) Absolute Return Eurobank I EUR

-1.3%

Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 -0.5%
2017 0.6% 0.7% 0.3% 0.2% -0.5%
2016 6.3% 0.5% 2.7% 2.3% 0.6%
2015 -3.5% 0.4% -0.1% -2.4% -1.5%
2014 -0.6% 0.5% 0.0% -0.5% -0.7%
2013 1.6% 0.8% -0.2% 0.3% 0.7%
2012 6.4% 2.5% 0.9% 1.6% 1.2%
2011 -0.3% 1.5% 0.0% -3.6% 1.9%
2010 4.4% 1.3% -0.2% 1.7% 1.6%
2009 16.5% -0.4% 8.1% 5.8% 2.3%
2008 1.1% 0.5% 1.1% 0.7% -1.2%
2007 1.3%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Bahrain
  3. Belgium
  4. Curacao
  5. Denmark
  6. Estonia
  7. Finland
  8. France
  9. Germany
  10. Greece
  11. Hungary
  12. Ireland
  13. Italy
  14. Jersey
  15. Liechtenstein
  16. Luxembourg
  17. Netherlands
  18. Norway
  19. Poland
  20. Portugal
  21. Spain
  22. Sweden
  23. Switzerland
  24. United Kingdom

Fund Info

  • Launch date19/07/2007
  • Share Class size675Mn
  • Base currencyUSD
  • ISIN LU0289470113
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment35,000
  • Min. regular additional investment0

Charges

  • Annual management1.00%
  • Initial investment3

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Investors pulled more than $3 billion out of Bill Eigen’s JPM Income Opportunity fund last year as its cash holding touched 70%. By January, it was down to 40%.

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One year after telling investors to move out of the sector, the Citywire + rated has piled into high yield bonds and energy positions.

JP Morgan's Eigen starts putting 64% cash pile to work

The bond veteran has started to see some interesting opportunities for his $9.4bn fund following the recent market volatility.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in EUR).