JPMorgan Global Research Enhanced Index Equity Trust (Hedged)
About this Fund
|FUND MANAGER||JPMorgan Asset Management (Australia)|
|ASSET CLASS||GLOBAL EQUITIES|
|INVESTMENT STYLE||The Fund invests primarily in a portfolio of global companies, replicating the Benchmark.|
|INVESTMENT PROFILE||The Fund aims to achieve a long-term return in excess of the Benchmark.|
|BENCHMARK||MSCI World Index (Total Return Net) Hedged to AUD|
|FUND SIZE||MSCI World Index (Total Return Net) Hedged to AUD|
|NO. OF HOLDINGS||600+|
|FEES||0.34% of the NAV of the Fund|
Benefits of investing in the JPMorgan Global Research Enhanced Index Equity Fund (Hedged)
Medium to High
This Fund may be suitable for investors who seek to benefit from potential excess returns with similar risks to investing in securities representing the Benchmark. As the Fund is diversified across a number of markets, it may be suitable for investors who are looking for a core international equity investment, or as a standalone investment aimed at producing long-term capital growth.
About the Fund
J.P. Morgan's Research Enhanced Index (REI) strategies are designed to consistently outperform a given index after fees, while maintaining a risk profile closely resembling that of the index. The JPMorgan Global Research Enhanced Indexed Equity Fund (Hedged) offers an alternative to passive equity management (indexing) that looks to increase the return component of their passive allocation without significantly increasing the risk.
To achieve a long-term return in excess of the Benchmark by investing primarily in a portfolio of companies, globally; the risk characteristics of the portfolio of securities held by the Underlying Sub-Fund will resemble the risk characteristics of the portfolio of securities held in the Benchmark.
The Fund will be substantially invested in shares that correspond to the JPMorgan Funds - Global Research Enhanced Index Equity Fund ("Underlying Sub-Fund), a specific portfolio within the JPMorgan Funds, which is an umbrella structured open-ended investment company organised under Luxembourg law as a socieÌteÌ anonyme qualifying as a socieÌteÌ d'investissement aÌ€ capital variable ("SICAV).
How we invest your money
The Fund will be substantially invested in the Underlying Sub-Fund. However, a small proportion of the Fund's investments will be in cash.
In relation to the Underlying Sub-Fund, at least 67% of the Underlying Sub-Fund's assets (excluding cash and cash equivalents) will be invested in equity securities of companies, globally. Issuers of these securities may be located in any country, including emerging markets. The Underlying Sub-Fund will be constructed using the Benchmark, aiming to overweight the securities in the Benchmark with the highest potential to outperform and underweight the securities considered most overvalued. Debt securities, cash and cash equivalents may be held by the Underlying Sub-Fund on an ancillary basis. The Underlying Sub-Fund may also invest in other investment funds (namely UCITS and UCIs as defined under Luxembourg law).
EUR is the reference currency of the Underlying Sub-Fund but it may invest in assets denominated in any currency and currency exposure in the Underlying Sub-Fund may be managed by reference to its Benchmark. The Underlying Sub-Fund may use financial derivative instruments for the purposes of hedging and efficient portfolio management.
The expected proportion of the assets under management of the Underlying Sub-Fund that could be subject to securities lending fluctuates between 0% and 20%, the latter being the maximum.