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Analysis of the JPMorgan Investment Funds – Global Select Equity Fund

Since this fund has a long history, even though the fund class examined was launched in 2018, it is possible to look at returns over longer time periods to analyse the consistency of the strategy and long-term results.

10 JAN, 2025

By Andrea Sepúlveda from LatamSelf

The JPMorgan Investment Funds - Global Select Equity fund is a global equity fund domiciled in Luxembourg, launched in April 1981, so it is a fund with over 40 years of history.

In addition to being an article 8 fund according to the SFDR, the strategy is considered ASG promoting. In fact, at least 51% of the fund's assets are invested in companies with positive environmental and/or social characteristics that follow good governance practices, according to the manager's analysis.

Characteristics of the JPMorgan Investment Funds - Global Select Equity fund

Fund strategy: the strategy uses the MSCI World Index (TR) as a benchmark and is actively managed, with a selection of instruments based on fundamental and bottom-up analysis. In this way, the team carries out a specific analysis of the companies, which integrates with the manager's specialized global analysis.
Investment team: the fund management team is composed of Helge Skibeli, who has 34 years at JPM and 9 years as fund manager, and Christian Pecher, who has 26 years in the company and 5 years as manager of the Global Select Equity fund. They work with a team of specialized analysts who contribute with their experience and the global vision that comes from being part of a management like JPM.
Assets: At the end of July 2024, the JPMorgan Investment Funds - Global Select Equity strategy had over 10 billion USD in assets under management.
Management company: as for the manager, J.P. Morgan Asset Management is the asset management division of J.P. Morgan Chase internationally. It has over a century of experience in managing assets for investors and institutions worldwide. Its presence extends to 20 countries in America, Europe and Asia. Its professionals are strategically distributed in different regions, which allows them to be close to the markets and companies in which they invest. The company manages over 2.4 trillion USD in assets, with more than 1,100 employees and offers over 600 investment strategies across the spectrum of its platform.

Evolution of the JPMorgan Investment Funds - Global Select Equity fund

**Source**: Factsheet JPMorgan Investment Funds - Global Select Equity I2 acc USD as of 30/11/2024.
Note: Past performance is not indicative of future results. The fund's returns may increase or decrease due to exchange rate fluctuations.

Since this fund has a long history, even though the fund class examined was launched in 2018, it is possible to observe the results of the returns over longer periods of time to analyze the consistency of the strategy and long-term results.

Examining the table, it is noted that the fund has managed to beat the benchmark (MSCI World Index (TR) over periods of 3, 5 and 10 years. Therefore, the fund team has made a good selection of companies globally and has maintained its conviction over time, showing consistency in its vision and results.

**Source**: Factsheet JPMorgan Investment Funds - Global Select Equity I2 acc USD as of 30/11/2024

Once again, it is possible to review the long-term risk metrics and evaluate the fund's risk metrics results. The same factsheet offers these metrics for 3 and 5 years.

Here it can be reiterated what has already emerged from the performance results: excellent alpha results at 3 and 5 years, which means that the team has managed to achieve better results with a similar or even lower level of risk than the market.

The positioning shows the active management of the fund and the discretion that the investment team has in the choice of instruments and, consequently, in the weighting of sectors/geographies, compared to the universe offered by the benchmark index.

These differences derive from the result of the specific analysis conducted by the team, which allows them to select the instruments in which they see real value, supported by the great global analysis capacity that characterizes the company, and let's not forget that, moreover, they apply sustainability criteria to respect the definition of fund management.