We are initiating coverage of JPMorgan Asia Pacific Income with a Morningstar Analyst Rating™ of Neutral. The fund is led by experienced managers Jeffrey Roskell and Stephen Chang, who are responsible for the equity and fixed income portions of the fund respectively. They combine their respective portfolios through a valuation-driven asset allocation process, which could benefit from more structure in our view. Performance has been impressive since the fund’s restructuring in June 2012, though more time is needed to see how it performs over a full market cycle. Therefore, we believe a Neutral rating is fitting at this time.
See the latest Morningstar OBSR fund rating news here.
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