Disclosure – Non-Independent Marketing Communication
This is a non-independent marketing communication commissioned by JPMorgan Global Core Real Assets . The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
JPMorgan Global Core Real Assets (JARA) is a real asset fund that offers exposure to private strategies, creating a highly diversified portfolio spread across sector and geography.
Rising interest rates have seen many areas of the market re-price, including trusts investing in private assets. JARA has fallen onto a discount of 9%. While the NAV has not been immune from the same pricing pressures, the balance sheet is strong with no company-level debt and there are a number of advantages to the structure which we think should support portfolio values and may mean the discount is short-lived and therefore a potentially attractive entry point for investors.
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