Q&A: JPM Global Macro Opportunities Fund

What is the underlying strategy of the fund?

The fund uses a research-oriented, global macro approach to capitalise on the opportunities created by eight compelling macro themes developed by an experienced team of macro investors and strategists. The fund aims to provide positive returns over a rolling three-year period, regardless of the market environment, by reflecting these macro views dynamically in the portfolio using a broad range of investment strategies across asset classes and regions, within a risk-controlled framework.

Could you explain one or two of the current investment themes?

Low inflation has been a dominant theme at various points in the past three years, and while the probabilities around our low inflation core scenario vs. reflation and deflation have evolved over time, our core view of a low inflation environment across many developed economies and even emerging market economies, has persisted. As spare capac