All companies cited are for illustrative purposes only and are not a recommendation or endorsement by J.P. Morgan in this case.
All economic and market data through May 2023 are from Bloomberg Finance L.P. and FactSet unless otherwise noted.
The information presented is not intended to make value judgments about the preferred outcome of any government decision.
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Any opinions, strategies or products discussed in this material may not be suitable for everyone and involve risks.Investors may receive less than their investment and past performance is not a reliable indicator of future results.Asset allocation/diversification does not guarantee profits or protect against losses. Nothing in this material should be relied upon in isolation to make an investment decision. We urge you to carefully consider whether the service, product, asset class (eg, equities, fixed income, alternative investments, commodities, etc.) or strategy in question is suitable for your needs. Before making an investment decision, you should also consider the objectives, risks, charges and expenses associated with the service, product or investment strategy. For this and more comprehensive information, including a discussion of your goals/circumstances, please contact your J.P. Morgan
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Whenever JPMorgan Chase Bank, N.A. or any of its affiliates (collectively "J.P. Morgan") has an actual or perceived financial or other incentive to act in J.P. Morgan's favor in managing our clients' portfolios. morgan. Conflicts will arise, for example (to the extent your account allows the following activities): (1) When J.P. Morgan invests in an investment product such as a mutual fund, structured product, separately managed account or Hedge funds issued or managed by Chase Bank, N.A.). or affiliates, such as J.P. Morgan Investment Management; (2) when a J.P. Morgan receives services from an affiliate, including trade execution and clearing; (3) when J.P. Morgan receives payments for investment purchases for client accounts; or (4 ) when J.P. Morgan charges a fee for services (including shareholder services, record-keeping or safekeeping) for investment products purchased for client portfolios. Other conflicts will arise from J.P. Morgan with other clients or from J.P. Morgan acting alone.
Investment strategies are selected from J.P. Morgan and external asset managers and undergo a review process by our manager research team. From this suite of strategies, our portfolio construction team selects those strategies that we believe align with our asset allocation objectives and forward-looking views to achieve the portfolio's investment objectives.
Overall, we prefer the strategy managed by J.P. morgan. We expect a proportion of strategies managed by J.P. JPMorgan excels (up to 100%, in fact) in strategies such as cash and high-quality fixed income, subject to applicable laws and any account-specific considerations.
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