JPMorgan Multi-Asset Growth & Income – Caution in the face of volatile markets

In a world of volatile equity markets and uncertain futures, MATE offers investors a straightforward target of achieving an average of 6% compound annual returns over a rolling five-year period and paying an inflation-linked dividend.

MATE has now passed its five-year anniversary, and its life has been marked by two of the worst bear markets in recent memory. In the grip of a painful downturn, MATE has fallen short of its target return. The team has not chased risk in an attempt to catch up, as MATE still has half the risk of the global equity market, based on its standard deviation.

MATE’s commitment to providing growing income, is supported by its revised dividend policy. Its combination of target long-term returns and growing income remains its defining feature, and one which may set it apart from its peers. MATE has also been able to sustain a narrow discount throughout 2022, currently trading on 3.3% discount.