Insights from SIAG
The Strategic Investment Advisory Group (SIAG) within JPMorgan partners with clients to develop objective, thoughtful solutions to the broad investment policy issues faced by corporate and public defined benefit pension plans, insurance companies, endowments and foundations. SIAGs global team is one of JPMorgan’s primary centres for thought leadership for institutional clients in the areas of asset allocation, pension finance and risk management.
Alternatives to normality
Some lessons from the credit crisis
In this paper, we revisit the benefits of diversification to alternatives in light of the current credit crisis. Focussing on 3 questions, our conclusion is that alternatives can make a valuable contribution to the characteristics of a portfolio and that allocating part of a portfolio to alternatives improves the overall return per unit of risk taken.
Non-normality of market returns
In this paper, the authors investigate non-normality of market returns, as well as its potential impact on portfolio efficiency and the asset allocation process.
Beyond Rebalancing
Theory suggests that routine rebalancing can help maintain a portfolio’s optimal allocation. But, in the current environment of unprecedented market turmoil and shifting dynamics, strict adherence to this practiced discipline might not be the most appropriate risk management response.
Long Term Capital Market Assumptions
JPMorgan's Capital Market Assumptions are developed once a year by our Assumptions Committee, a multi-asset class team of senior investors across the firm and reviewed by JPMorgan Asset and Wealth Management senior management. The Committee relies on the input and expertise of a range of portfolio managers and product specialist, striving to ensure consistency across asset classes.
A Case for Asia
This research brief summarises our unique case for Asia ex-Japan as one of the most attractive strategic opportunities among global markets, based not on GDP alone, but on underlying productivity growth dynamics that we believe are fueling a long-term revaluation trend in the region.
J.P. Morgan Market Views
Keep up to date with the views and analysis on events across world financial markets from J.P. Morgan Asset Management's strategists David Shairp and Tom Elliott.