New PIE from big US manager

The new fund is the JP Morgan Global Bond Fund which gives investors access to one of the global asset manager’s most popular bond strategies within the PIE structure.

It is being launched on the back of their strategic partnership with an unnamed key local advice firm.

“We have been actively working with NZ financial advisers and institutional investors for some time now and launching our successful Global Bond strategy in a PIE structure is a natural next step in our growth story in the region," JP Morgan chief executive of Australia and New Zealand Andrew Creber says.

"We are committed to growing our presence and excited about future opportunities to bring more best-in-class, low-cost, global active solutions to New Zealand. I’m confident the range will expand as we continue to work closely with our partners and clients to ensure we provide them with solutions that meet their investment needs,” he said.

The JPMorgan Global Bond Fund aims to provide a return in excess of global bond markets through a diversified portfolio of global debt securities and is managed by a highly experienced team of seven portfolio managers led by Myles Bradshaw, Head of Global Aggregate Strategies. It leverages a globally integrated, research driven fixed income platform and implements a rigorous active investment process – combining top down and bottom-up analysis, without bias.

"The strategy aims to seek consistent outperformance with index-like volatility in both rising and falling markets. The team uses multiple levers to generate performance – actively managing sector allocations, security selection, duration/yield management, currency and hedging. The strategy has been in place since 1988 and has US$17.4 billion of assets under management.