JPMorgan Global Core Real Assets (JARA)

JARA is an investment company whose aim is to provide shareholders with stable income and capital appreciation from a globally diversified portfolio of core real assets. These include a mixture of real estate assets and infrastructure such as transport and energy, held via equity and predominately debt investments. The company sits within the AIC’s Flexible Investment sector. In this interview we speak to manager Philip Waller about JARA's role as a diversified, foundational allocation in investor portfolios, emphasizing stability, predictability, and income generation; the strategic asset allocation process, global diversification, and the management of the trust to meet objectives amidst changing market conditions, including shifts in interest rates and economic landscapes; the active management approach to optimize returns and mitigate risks; and the manager’s attitude to the wide discount to NAV at which the shares currently trade.