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J.P. Morgan Asset Management

PRI reporting framework 2020

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関連指標

OO LE 01. Breakdown of listed equity investments by passive and active strategies

LE 01.1. 組織内で運用する上場株式のパッシブ戦略と、数量的、ファンダメンタルおよびその他のアクティブ戦略の内訳を示してください。

組織内で運用する上場株式の比率
0 パッシブ
12 アクティブ—数量的(クオンツ)
88 アクティブ – ファンダメンタルおよびその他のアクティブ戦略
組織内で運用する上場株式の合計 100%

LE 01.2. 補足情報 [任意]

The Global Equities team comprises 360 investment professionals, led by our Head of the Global Equity Paul Quinsee. As at December 2018, our range of equity strategies has a combined AUM of USD440 billion. We offer a number of strategies across the risk/return spectrum, designed to meet a broad range of investor needs. In our Research Driven process,  we seek out companies that combine characteristics, including (1) attractive valuation defined as stocks whose dividend discount return (DDR) ranks in the top two quintiles of their respective sectors, (2) sustainable or improving ability to generate cash flow, (3) return-focused, shareholder-friendly management and (4) timely catalyst that enables a stocks to realize its inherent value. Our Behavioral Finance process is based on the belief that persistent growth and value anomalies exist in markets caused by persistent biases of market participants. These anomalies can be exploited by combining disciplined stock screening processes with fundamental research. Our Manager Driven process focuses on identifying “quality” companies that are well-managed, profitable, possess solid balance sheets and are growing faster relative to peers, yet trade at reasonable multiples. In Emerging Markets, we believe opportunities are best exploited through deep local knowledge, combined with insights of sector specialists.

 

 


OO LE 02. Reporting on strategies that are <10% of actively managed listed equities (Not Applicable)


OO FI 01. Breakdown of fixed income investments by passive and active strategies

FI 01.1. 組織内で運用されている債券の内訳をアクティブ戦略とパッシブ戦略で分けてください。

SSA
0 パッシブ
0 アクティブ—数量的(クオンツ)
100 アクティブ—ファンダメンタルおよび・もしくはその他のアクティブ戦略
組織内で運用される債券の合計 100%
Corporate (financial)
0 パッシブ
0 アクティブ—数量的(クオンツ)
100 アクティブ—ファンダメンタルおよび・もしくはその他のアクティブ戦略
Total 100%
Corporate (non-financial)
0 パッシブ
0 アクティブ—数量的(クオンツ)
100 アクティブ—ファンダメンタルおよび・もしくはその他のアクティブ戦略
Total 100%
Securitised
0 パッシブ
0 アクティブ—数量的(クオンツ)
100 アクティブ—ファンダメンタルおよび・もしくはその他のアクティブ戦略
組織内で運用される債券の合計 100%

FI 01.2. 補足情報 [任意]

As of 31 December 2019, the Global Fixed Income Currencies & Commodities (GFICC) team actively managed USD 603 billion in fixed income and currency assets. The team, led by Chief Investment Officer and Global Head of GFICC, Bob Michele, consists of over 275 investment professionals operating in every major market around the world. The team oversees a broad range of fixed income strategies, including broad market, long duration, stable value, intermediate, high yield, emerging market debt, short and ultra-short duration, global bonds, structured products, mortgages and tax-aware strategies.

We utilize a disciplined and systematic process to evaluate and identify attractive investment opportunities through analysis of fundamental, quantitative and technical investment factors. Our analysts perform independent research on relevant investment topics including ESG factors across the various sectors which portfolio managers consider in positioning portfolios. GFICC maintains a robust meeting schedule to bring global investment insights together in our team-based approach. This investment process generates bottom up and top down insights which feed into quarterly meetings of senior investors from each sector. The Investment Macro Strategy team sets the foundation of our macro investment process, establishing themes that will broadly guide investment strategies going forward.

We seek to add value by drawing upon the expertise of locally based sector specialist and portfolio management teams using internally generated fundamental, quantitative and technical research inputs. We then allocate risk using a rigorous and methodical portfolio construction process. Therefore pleaes note that the below split betwen active quatntitative versus fundamental fluctuates.

Note: 275 investment professionals includes portfolio managers, research analysts, traders and client portfolio managers with VP title and above.


OO FI 02. Reporting on strategies that are <10% of actively managed fixed income (Not Applicable)


OO FI 03. Fixed income breakdown by market and credit quality

この指標は、「報告義務、自主開示」から「必須」に変更されました。 この指標に対する貴組織の回答は、透明性レポートに掲載されます。 この「必須」への変更により、より良い分析とピアリングが可能になります。

FI 03.1. SSA債券投資の先進国およびエマージングマーケッツ(新興市場)のおよその内訳(+/- 5%)を示してください。

SSA
77 先進市場(+/- 5%)
23 エマージングマーケッツ(新興市場)(+/- 5%)
組織内で運用する債券の合計 100%
社債および証券化債券の投資適格およびハイイールド証券のおよその内訳(+/- 5%)を示してください。
種類
投資適格(+/- 5%)
ハイイールド証券(+/- 5%)
組織内運用合計
社債(金融)
100%
社債(非金融)
100%
証券化
100%

FI 03.3. 補足情報 [任意]

あなたが民間の負債に投資されており、格付けの報告があなたに関係ない場合、以下に示してください。


OO SAM 01. Breakdown of externally managed investments by passive and active strategies (Not Applicable)


OO PE 01. Breakdown of private equity investments by strategy

PE 01.1. 組織内で運用されるプライベートエクイティの内訳を投資戦略別に記載してください。

投資戦略

組織内で運用されるプライベートエクイティ保有がAUMに占める比率

ベンチャーキャピタル
グロースキャピタル
(レバレッジド)バイアウト
ディストレスト/ターンアラウンド/特殊事情
セカンダリー
その他の投資戦略(具体的に記入してください)
その他の投資戦略(具体的に記入してください)
合計100%

その他の投資戦略(具体的に記入してください)

          Mezzanine, real estate
        

その他の投資戦略(具体的に記入してください)

          Direct investments
        

PE 01.2. 補足情報 [任意]

The Private Equity Group ("PEG" or "Group") has an investment strategy focused on identifying opportunities that it believes will provide the highest risk-adjusted returns. In terms of investment type, PEG invests in primary partnerships, direct and secondary investments. Our team oriented, consensus-driven decision making process ensures that the merits, risks, and findings during each step of the process in evaluation of opportunities are documented, discussed and retained. We are flexible in our sourcing approach, actively searching for private equity investment opportunities across PEG's own personal network, general partners, vintage years, industry sectors, stages of business development, investment cycles and geographies, based on market opportunities and investment trends, but remain selective, only investing in opportunities offering the most compelling risk/returns. Our analysts perform independent research on relevant investment topics including ESG factors across the various sectors which portfolio managers consider in positioning portfolios. While our portfolios have appropriate diversification, given our philosophy to invest in opportunities offering the most compelling risk/returns, we have consciously and tactically moved in and out of sectors and strategies .


OO PE 02. Typical level of ownership in private equity investments (Private)


OO PR 01. Breakdown of property investments (Private)


OO PR 02. Breakdown of property assets by management (Private)


OO PR 03. Largest property types (Private)


OO INF 01. Breakdown of infrastructure investments (Private)


OO INF 02. Breakdown of infrastructure assets by management (Private)


OO INF 03. Largest infrastructure sectors (Private)


OO HF 01. Breakdown of hedge funds investments by strategies (Private)


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