JPM launches European inflation-linked bond fund

J.P. Morgan Asset Management has launched an inflation-linked bond fund investing in European debt, as the group looks to profit from the volatile market conditions across the continent.

The JPM Euro Inflation Linked Bond fund, a Luxemburg domiciled SICAV, is headed up by David Tan, the group’s head of global rates. Roger Hallam, a member of the group’s global rates team, will co-manage the fund. The duo will aim to achieve inflation-linked returns by investing primarily in a concentrated portfolio of euro-denominated inflation-linked fixed and floating rate debt securities. The fund will be benchmarked against one- to ten-year inflation-linked bonds, with a focus on short duration paper. Nick Gartside, international CIO of fixed income at the group, said there i...