they can also "actively grab income". How flexible can mine avoidance and profit grabbing be? The following picture can clearly illustrate it. This is the asset allocation of the JPMorgan Multiple Income Fund (a substantial portion of the fund is invested in non-investment grade high-risk bonds and the source of dividends may be principal) since its inception in 2008. Taking this fund as an example, there are as many as 11 types of assets it mainly allocates. In 2008, its high-yield debt ratio could be reduced from 45% to 25.7%; in 2009,
it became an overweight REITs to actively participate in real estate market opportunities; In 2013, after the European debt crisis eased, they waited for an opportunity to increase their holdings of European stocks and bonds; as for 2014, because they were optimistic about the attractiveness of emerging market bonds, they significantly increased their holdings sms services of emerging bonds; this year, they are optimistic about European stocks again, while reducing Holding emerging stocks and bonds. Such a flexible allocation strategy is indeed beyond what ordinary people like you and me can do. Of course,
the fund investment team can’t be very accurate every time, but it is indeed seen from past experience that the layout strategy of multiple income, global layout, is more capable. In the ever-changing market conditions, taking into account both risk control and income performance, it also proves that global investors who like multi-income products are discerning enough and powerful enough! Of course, investing is all about snobbery, otherwise what?! The fund's yield to maturity does not represent the fund's rate of return. A fund's dividends may be paid out of the fund's income or principal.