J.P. Morgan Asset Management has expanded its €9bn AUM macro fund range with the launch of a sustainable fund.
Managed by JPMAM's macro strategies investment team, the Global Macro Sustainable fund will take macroeconomic views via a focused and flexible long/short portfolio investing across equities, fixed income, currency and volatility. JPMAM hires BlackRock multi-asset strategist With integrated ESG risk analysis, the fund will exclude certain industries and sectors such as weapons, tobacco and fossil fuels. The security-weighted ESG score for each asset class will be maintained above the median of its universe, thereby "tilting the portfolio towards companies and issuers that screen bette...
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