JPMorgan Core Real Assets has now fully redeemed its holding in the Mezzanine Debt Strategy and the majority of its holding in the Infrastructure Strategy. That equates to about 29.3% of its end November 2024 NAV.

The board observes that the first five months of 2025 have been an exceptionally volatile period for all financial markets, driven by a dramatic series of policy announcements from the incoming US administration. This market volatility and consequential shift in sentiment have introduced additional uncertainty into both the economic and monetary policy outlook, both key sensitivities for some of the real asset sectors.

The original plan was to get the managed wind down finished by the end of 2026. But for the reasons noted above, it is now expected that JARA’s redemptions from its real asset strategies will take longer than originally envisaged. The board has been notified that, based on the manager’s latest estimates, by the end of 2025 the company should have realised and returned to shareholders more than 55%, and by the end of 2026 more than 80% of the assets which it held in December 2024. The balance of unredeemed investments will predominantly be real estate holdings.

The second capital distribution is planned for early in Q3 2025. There will be another announcement shortly.

JARA : JPMorgan Core Real Assets ready to hand back more cash