A view to distant horizons with J.P. Morgan Asset Management

STANLIB has partnered with J.P. Morgan Asset Management (JPMAM) to create an offshore equity fund that offers SA investors a best ideas, diversified “all weather” equity portfolio managed by JPMAM’s world-class equity team.

Marius Oberholzer

STANLIB Head of Multi-Asset

John Bilton

Head of Global Multi-Asset Strategy at J.P. Morgan Asset Management

This presentation is for Institutional/Wholesale/Professional Clients and Qualified Investors only – Not for Retail use or distribution.

A view to distant horizons with J.P. Morgan Asset Management

2024 Long-term Capital Market Assumptions: Building smarter portfolios for a world in transition

Much of what defines the economic environment is in transition, with far-reaching implications for investors. Essentially, it is a move from a world of persistent disinflation, ultra-easy monetary policy and fiscal restraint to one with two-way inflation risk, more conventional monetary policy and greater fiscal activism. This changing environment demands that we revisit not only asset return assumptions but also the assumptions underpinning diversification and portfolio construction.

To build smarter portfolios for a world in transition, we recommend that investors develop the next generation of 60/40 by turning to private as well as public markets, focusing on the importance of manager selection and finding diversification not just from bonds but also from alternatives, factors, thematic investing and other approaches. From a 60/40 foundation, extending beyond the temptation of high prevailing cash yields, expanding the opportunity set and enhancing returns through manager selection and active allocation can all help to strengthen portfolio resilience.