JPM launches Diversified Real Return fund

J.P. Morgan Asset Management has launched a fund aiming to outperform inflation and deliver returns across inflationary cycles.

The JPM Diversified Real Return fund will be managed by the group's global multi-asset group from the US, with Katherine Santiago as lead manager. It is based on a strategy the firm launched in the US last year. The fund will blend inflation-linked bonds with real assets and inflation-sensitive equities to produce a portfolio that aims to outperform inflation.  While the fund's official benchmark is the 1-10 Year Barclays Capital Index-Linked Gilts index, the portfolio aims to achieve an annual return (before fees) of 3% in excess of UK RPI, with 40%-60% the volatility of equities. It...