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JPMAM receives bond mandate to adopt YFYS reforms

By Yasmine Masi22 June 2022

J.P. Morgan Asset Management has been awarded a global bond mandate by transport industry fund, TWUSUPER, to drive the implementation of the Your Future Your Super (YFYS) reforms.

The reforms sparked competition across the industry, as funds look for new ways to invest and outperform.

“Our changes are motivated by a plan to refresh our investment strategy and adapt to YFYS,” Edward Smith, CIO of TWUSUPER, said.

“[We’re] actively working to manage costs and tracking error while enhancing returns in a transformation programme over the last two years.”

This comes as J.P. Morgan kicked off its fixed income campaign earlier this year, with the launch of the JPMorgan Income Fund in March and the JPMorgan Global Bond Fund in June.

Focusing on income, diversification and handling volatility, the recently-launched fund offers investors a diversified portfolio of global investment-grade bonds.

“In response to clients’ demand, we purposely brought to market a bond fund which is well positioned to navigate this changing landscape, that is focused to deliver diversified fixed income exposure with multiple levers for generating performance with a risk-controlled approach,” Andrew Creber, Australia and New Zealand CEO of JPMAM, said.

“We believe this solution meets the needs of our investors, particularly in light of the market environment and research we undertook with NMG Consulting around the impact of YFYS reforms on super funds.

“With investors facing new challenges from slowing economic growth momentum and persistent inflation, the rise in bond yields has created value in bond markets and re-invigorated their role as diversifier in portfolios.”

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