J.P. Morgan Asset Management launches JPM Fusion Fund range
J.P. Morgan Asset Management has launched an unfettered whole-of-market fund-of-funds range called the JPM Fusion Fund range.
The launch brings together a dedicated J.P. Morgan Asset Management fund team combining specialist skills from J.P. Morgan Investment Management and J.P. Morgan Private Bank, which has successfully run whole-of-market portfolios for many years.
Jane Nicholls, Head of UK Client Solutions at J.P. Morgan Asset Management, commented: "The combined expertise of our Investment Management and Private Bank businesses should not be underestimated. We have a consistently good track record in delivering whole-of-market investment solutions. Our ability to add value through manager selection and asset allocation is unrivalled as are our portfolio construction and risk management capabilities. Our size and scale enable us to tap into asset classes and share classes that more traditional fund-of-funds offerings in the market are unable to access."
The Fusion range consists of five fund-of-funds. They are actively managed and positioned at the following key points on the risk spectrum:
Income
Conservative
Balanced
Growth
Growth Plus
The investment funds are built and managed by an experienced team which consists of members of J.P. Morgan Investment Management and J.P. Morgan Private Bank and is led by Jonathan Shelon. In May 2013 Tony Lanning will be joining the team as lead fund manager.
Jamie Farquhar, Head of Sales for J.P. Morgan Adviser Solutions continued: "The transitional shift in the market post-RDR has seen the importance of outsourced investment solutions grow significantly. Indeed, over the last five years the fund-of-funds sector has seen a remarkable growth in funds under management. We firmly believe that we're offering an innovative and differentiated fund-of-funds solution for financial advisers and consumers.
Farquhar added: "Our Fusion Fund range is designed to offer advisers a competitive and comprehensive investment solution for clients' money, utilising J.P. Morgan Asset Management's long-standing investment. We have listened to both advisers' and clients' concerns and built this fund-of-funds range based on a simple and transparent charging structure. 2013 is an important year for advisers post-RDR and we will continue to provide intermediaries with products, on-going support, insight and expertise to help them navigate the challenges ahead. Our Fusion Fund range will play an important role."
The fund range is risk graded by Distribution Technology and Barrie & Hibbert and is available via J.P. Morgan Asset Management's usual distribution partners and retail platforms for intermediaries. It carries an annual management charge 0.75 % (C shares) + 0.18% (capped additional expenses) - excluding underlying funds fees and expenses and any applicable third party platform fees. For full details, please see the relevant KIID.
The investment team consists of members of J.P. Morgan Investment Management and the J.P. Morgan Private Bank and draws on experience of more than 160 years in building portfolios worldwide across a spectrum of asset classes. The team will design and position the risk-graded portfolios to achieve an appropriate degree of diversification, which will be managed dynamically based on the investment team's view of the market cycle.