Latest news with #J.P.MorganAssetManagement
Business Recorder
6 hours ago
- Business
- Business Recorder
Thai baht, Taiwan dollar lead Asia FX decline
BENGALURU: Asian currencies fell on Tuesday, led by the Thai baht and Taiwan dollar, as investors focused on US trade negotiations with President Donald Trump's August 1 tariff deadline fast approaching. Thailand expects to conclude trade talks with the United States, its largest export market, before the deadline and avoid tariffs as high as 36%, Finance Minister Pichai Chunhavajira said, riding the momentum from Trump's deal with Europe over the weekend. The Thai baht weakened 0.5% to 32.51 per US dollar, its biggest intraday decline since July 9, while Taiwan's dollar dropped 0.6% to its lowest since July 1. Indonesia's rupiah fell 0.4% to a one-month trough of 16,408 per US dollar as currencies across the region declined amid concerns of the impact the tariffs might have on global growth and inflation. 'What we're looking out for is... are we going to see a material pullback in US demand. If we start seeing that, it's going to cascade into Asia's exports, which is basically the lifeblood of what we do,' J.P. Morgan Asset Management said at a Singapore media roundtable on Tuesday. Trump's trade deal with Europe initially lifted market sentiment, but investors quickly realised the terms largely favoured the US This reinforced dollar strength, adding pressure on regional currencies. Officials in Seoul are scrambling to secure an agreement ahead of the August 1 deadline to avoid tariffs on key industrial exports. The urgency underscores a broader regional race to secure favourable terms as Vietnam, Indonesia, the Philippines and Japan have already clinched trade agreements with Washington. US and Chinese economic leaders held more than five hours of talks on Monday, working to resolve disputes and extend their current truce by three months. Regional equities also fell, with Taiwan's benchmark index slipping as much as 1.4% to a one-week low. Singapore and the Philippine markets dropped 0.6% and 0.9%, respectively, while Indonesian and South Korean shares bucked the trend, posting modest gains. Central bank meetings dominate the week ahead, with the Federal Reserve and Monetary Authority of Singapore announcing policy decisions on Wednesday, followed by the Bank of Japan on Thursday. 'With no policy changes expected from the BOJ, Fed, or MAS this week, EM Asian currencies are unlikely to see significant movement from these central bank meetings,' said Chandresh Jain, rates strategist at BNP Paribas.
Cision Canada
2 days ago
- Business
- Cision Canada
J.P. Morgan Asset Management Strengthens Canadian Market Presence with New ETF Launch
TORONTO, July 28, 2025 /CNW/ - J.P. Morgan Asset Management Canada (JPMAM)* today announced the expansion of its actively managed exchange-traded funds (ETFs) with the launch of the JPMorgan Global Select Equity Active ETF (TSX: JGLO). JGLO has closed its initial offering of units and is now trading on the Toronto Stock Exchange (TSX). "JGLO provides Canadians access to our best ideas for global equity exposure. This is one of our most successful institutional strategies, now available in an ETF wrapper," said Travis Hughes, Head of Canada at J.P. Morgan Asset Management. "Drawing on insights from a team of industry experts, JGLO offers Canadians access to long-term capital appreciation through a global equity portfolio." Built on a long term approach focused on bottom up stock selection, the ETF works to outperform the MSCI World Index, delivering superior growth and free cash flow yield with similar to lower valuation versus the benchmark, while effectively managing risks across sectors and regions. "This offering provides another opportunity for Canadians to access a high conviction, best ideas equity strategy that aims to deliver in both value and growth-driven environments," said Jay Rana, Head of Canadian Advisor Business at J.P. Morgan Asset Management. "This continues J.P. Morgan Asset Management's commitment in delivering long-term and sustained value for investors." JGLO is supported by a team of 80 analysts and is led by industry veteran Helge Skibeli, who has been one of the architects of JPMAM's global research process, and by Christian Pecher, a veteran of our research team with nearly three decades of expertise. By applying a rigorous research approach, the team looks to identify attractively valued companies with strong free cash flow and the potential for sustained earnings growth. With over 40 years of experience serving Canadian investors, J.P. Morgan Asset Management continues to expand its presence in the country. This latest offering builds on JPMAM's October 2024 debut in the Canadian ETF market. Each ETF launched reflects the firm's commitment and dedication to providing Canadian investors with differentiated, outcome-oriented solutions backed by institutional-grade expertise. About J.P. Morgan Asset Management J.P. Morgan Asset Management, with assets under management of US$3.7 trillion (as of March 31, 2025), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors, and high-net-worth individuals in every major market throughout the world. The firm offers global investment capabilities across equities, fixed income, real estate, hedge funds, private equity, and liquidity. Disclosures Commissions, trailing commissions, management fees and expenses may all be associated with ETF investments. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. This press release contains forward-looking statements with respect to JPMAM's Canadian market strategy. These statements are not historical facts but reflect JPMAM's current expectations regarding future events. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, general economic and market factors. Although JPMAM believes the assumptions inherent in the forward-looking statements are reasonable, such statements are not guarantees of future performance. Readers are cautioned not to place undue reliance on forward-looking statements due to their inherent uncertainty. JPMAM undertakes no obligation to publicly update or revise any forward-looking statement, except as required by law. This press release is issued in Canada by JPMorgan Asset Management (Canada) Inc., which is registered as a Portfolio Manager and Exempt Market Dealer in all Canadian provinces and territories except the Yukon, and as an Investment Fund Manager in British Columbia, Ontario, Quebec, and Newfoundland and Labrador. J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.
Mint
4 days ago
- Business
- Mint
The case for taking mini retirements along the way in your career
Calli Brannan, 30, had been working for a grocery deals app for four years when she realized she needed a break. The start-up had grown since she joined, she was satisfied with what she had accomplished as vice president of customer success, and she was about to plan her wedding. A few weeks of paid time off weren't going to cut it; she needed to step away from her career to regroup. 'It was a bit of a risk but I knew I needed to take this time if I wanted to be able to continue on in corporate or start-ups or start my own business," said Brannan of Royal Oak, Mich. 'I was ready for my next step." She is now a little over a month into a sabbatical that she plans to extend into fall. Brannan isn't alone. Many millennial and Gen Z workers are opting to take a temporary step back from their jobs for as long as months at a time. The trend has been dubbed 'mini-" and 'micro-retirements" or simply sabbaticals. Social media is filled with young professionals talking about voluntarily quitting their jobs, asking for unpaid time off or taking a long pause before job hunting after a layoff. One in 10 Americans are planning one of these breaks in 2025, according to a survey of 1,000 workers from job board The problem: The average micro-retiree doesn't have as strong a financial plan in place as they should before taking a step back from work, says financial coach Annie Cole, who has worked with people taking these career breaks. She is founder of the resource website Money Essentials for Women. 'When not planned well, you're going to feel the pain not only way down the road in your financial future but potentially a year or two from now," Cole says. 'If you pull a lot of money from your investments to have this fun moment and then you come back a year later and are suddenly going to have to work five to 10 more years to make up for that, that's a huge reality check moment that's going to cause a lot of shock and pain." Burning through money for your retirement—especially when it is decades away—can be tempting when you are desperate for a break. It isn't a great idea. Missing just a few of the market's best days can take a massive chunk out of your savings: A $10,000 investment in the S&P 500 would have grown to $71,750 between Jan. 3, 2005 and Dec. 31, 2024 if it stayed fully invested, but just $32,871 if it missed the market's 10 best days and $12,948 if it missed the 30 best days, according to J.P. Morgan Asset Management's Guide to Retirement. Add to this the taxes and penalties you face from yanking money early from retirement savings accounts like 401(k)s, and it's clear why you should avoid going this route. But it's also possible to stay more or less on track with your contributions, despite taking time off. Linda To Yonemoto, 38, had been working in marketing for 14 years when she was wrestling with the death of her grandfather and dog, as well as her own near-death experience during open abdominal surgery, and decided she needed a break. Yonemoto, who is based in Las Vegas, revved up her savings so she could max out her 401(k) retirement contributions in 2023 before she took off for a four-month trip across Southeast Asia and an eight-month break in the U.S. 'It gave me a lot of peace of mind," Yonemoto says. She now has saved and invested enough so that she could retire permanently if she wanted to. Taylor Anderson, a financial advisor in Vancouver who works with workers taking sabbaticals, says that a lot of people focus on budgeting to cover their living expenses during their time away from work. But she says that it is equally important to take a long-term view, taking advantage of tax-savings opportunities and saving in multiple accounts. That could include having your sabbatical span two tax years so that there is income in both years, making you still eligible to contribute to IRAs and Roth IRAs but with a lower tax bracket due to the lower income. It can also include converting pretax savings to a Roth IRA at a lower tax rate, Anderson adds. Or you might rebalance after-tax accounts with concentrated positions by selling winners and paying lower capital-gains during a period of low income. She says it also is essential to have a buffer in your budget for the time away, especially if you are traveling, since unexpected expenses will come up. She learned this the hard way after a career in information technology consulting during her own 'mini retirement"—which included 20 months as a volunteer in Kyrgyzstan with the Peace Corps and six months of traveling. She had to lay out $1,000 for an unplanned helicopter flight necessary to get out of the mountains in Nepal due to a cancelled flight that left her with the choice of waiting days for open seats on another flight or hiking for four days. Anderson, who was 29 when she started her sabbatical in 2013, also recommends saving enough for three- to six-months' worth of expenses for your re-entry back into the job market, since it can often take longer than you think to find a new gig. Brannan prepared for her time off while staying on track for a more permanent retirement down the line by selling a house she had been renting out in Florida to make sure her expenses would be less once she wasn't working (the money she was making by renting the house didn't cover the mortgage). 'I want to join the workforce again with that renewed excitement and dedication so I can grow my savings and retire permanently as soon as possible," she says. Write to editors@
Gulf Today
6 days ago
- Business
- Gulf Today
5 years after COVID, pharma shares languish
Global healthcare stocks have not been this cheap in decades and fund inflows into the sector are picking up, yet the shares remain in the doldrums, highlighting uncertainty over drug pricing policies since Donald Trump returned to the White House. Pharma companies' earnings outlook is being obscured by concerns over revived "most-favored-nation" drug pricing rules in the lucrative US market and potential 200% tariffs on pharma imports into the US. Money flooded into drugmakers' shares during the COVID-19 pandemic but more recently there has been an exodus as investors shifted into Big Tech, leaving the sector cheap but unloved, reported Reuters. At 15.9 times forward earnings, healthcare trades 11% below its long-term average and 20% below global equities, its steepest discount in 16 years, just above a record discount in 2009, based on LSEG Datastream data. "We've moved from cautious optimism to cautious pessimism," said Stephanie Aliaga, global market strategist at J.P. Morgan Asset Management in New York. "Valuations have gotten even cheaper, but for a reason," she added, referring to intensifying US policy risks. But some investors are starting to look past the Washington policy fog and at long-term positive drivers, such as aging populations, RNA-based therapeutics, and breakthroughs in weight-loss and diabetes drugs, Reuters reported. Alberto Conca, CIO at Swiss wealth manager LFG+ZEST, has been adding exposure to pharma, biotech and medtech in recent weeks, drawn by strong cash-flow yields and the prospect of US rate cuts boosting this rate-sensitive sector. Interest rate cuts typically support healthcare by lowering R&D funding costs and boosting the value of future cash flows. "These are quality companies with good growth and defensive features being priced as if we're heading into an 'Armageddon scenario', which I believe is unlikely," he said. UK-based M&G Investments has also been selectively adding to healthcare, according to its latest allocation report. Healthcare funds have seen net inflows since 2024, more than reversing the outflows from late 2022 through 2023, fund tracker EPFR data shows. Although year-to-date, inflows total $7.2 billion, down 41% from last year. Innovation is accelerating, pipelines are maturing and M&A is showing signs of picking up — yet stock prices are unmoved. Whether that represents a buying opportunity or a value trap hinges on how and when the policy uncertainty clears, investors said. Historically, healthcare has traded at a modest premium to world stocks, thanks to its defensive profile and steady earnings. But that narrative has unravelled under political pressure from Washington and investors' love of Big Tech. Over the past three years, US healthcare has underperformed the S&P 500 by more than 60 percentage points, making it the worst sectoral performer on Wall Street. Its valuation has deepened to a near-record 27% discount, from parity to the S&P in 2023. "Markets don't like uncertainty, and that shows up in valuations," said Eddie Yoon, healthcare sector leader and portfolio manager at Fidelity Investments in Boston. "Being cheap isn't necessarily a reason to buy. You need a catalyst." For now, that catalyst is elusive. The policy uncertainty makes it difficult to forecast future earnings, he said, though he hopes for more clarity by year-end - potentially also paving the way for more M&A in the industry. Talks with the Trump administration have yet to clarify how and when drug prices will fall, executives from Eli Lilly and Merck said at a May industry conference.
USA Today
21-07-2025
- Business
- USA Today
How much more will you spend at the supermarket in 2025?
A majority of consumers describe themselves as financially stressed, and looming price hikes on many supermarket products, stoked by tariff policies, won't help. Food-price increases have been relatively mild so far this year, but some experts warn that could change soon. The national monthly inflation report that came out on July 15 reflects the first real signal of tariff inflation, "with almost all of the impact on consumer prices still to be seen in the months ahead," predicted David Kelly, chief global strategist at J.P. Morgan Asset Management. That's one of the key midyear trends that bear watching. Other key ones involve competitive pressures among supermarkets and the pace of consumer spending. Tariff turmoil awaits President Donald Trump's efforts to raise import taxes on a slew of imported products could increase prices in supermarkets. It hasn't happened yet in a big way, but more food inflation could be coming. With the White House delaying many tariffs, importers have had time to prepare, helping to ease the impact. 'Retailers are working hard to stock up for the holiday season before the various tariffs that have been announced and paused actually take effect,' Jonathan Gold, a vice president at the National Retail Federation, told Progressive Grocer, a trade publication. 'Retailers have brought in as much merchandise as possible ahead of the reciprocal tariffs taking effect." In case you missed it: How will Trump's tariffs affect grocery store prices? We explain. Over the 12 months through May, food prices nationally rose 2.9%, higher than the overall 2.4% increase in the Consumer Price Index. Certain items have risen more than that. A 11.5% jump in the price of coffee, which is mainly grown in Latin America, Africa and Asia, is one example, along with increases for fruits, nuts, sugar and other sweeteners, plus various vegetables and fruits, much of it trucked up from Mexico. Other items like paper goods and aluminum foil could also be affected. But the most notable food jump lately, a 41.5% surge over the past 12 months in egg prices, reflects a nontariff cause, avian flu. Belt-tightening consumers In a slowing economy, with rising inflation concerns, millions of Americans remain wary of grocery-store prices and those for other items. Big Chalk Analytics estimates the percentage of Americans who have actively reduced spending had risen from 27.8% in the Spring of 2024 to 34.5% in the Spring of 2025. These consumers are characterized by prioritizing needs over wants and seeking out more affordable options. The Chicago research firm describes these as 'trade-off consumers,' and they aren't just lower-income families. Still, consumers have made some progress with their budgets, helped by wages that have been outpacing inflation, the company said. Even so, most people aren't feeling especially prosperous, with 32% describing their financial condition as 'healthy,' with the rest falling into the vulnerable, overextended or stressed categories. Those findings, as of May from J.D. Power, were elicited from the majority of consumers who have bank accounts. People lacking bank accounts tend to be worse off. Reach the writer at
