JP Morgan Asset Management is launching five Luxembourg-domiciled bond funds. The JPM global government short duration bond, Euro government short duration bond, global government bond, European corporate bond and global corporate bond funds are all aimed at conservative investors.

The three government bond funds will be managed by David Tan, head of international rates, while the two corporate bond funds are managed by global head of corporates Lisa Coleman.

“These funds offer Sicav investors an opportunity to tap into JP Morgan Asset Management’s global expertise in picking relatively cheap corporate and government bonds,” said fixed income global chief investment officer Bob Michele.

“In the current market investors are not looking to take excessive and unknown risks. These funds seek to achieve secure and competitive returns with complete transparency and a focus on the issues that are in each fund’s respective universe,” he added.

JP Morgan Asset Management is part of JP Morgan Chase. The firm had $1.1 trillion in assets under management at 31 December 2008 and offices in 40 locations around the world.